Oct 22
WASHINGTON - Creating a federal agency to regulate home loans, credit cards, savings accounts and other financial services won the approval of a key House committee on Thursday in spite of loud complaints from banks and businesses. President Barack Obama , who proposed the agency to Congress, applauded the 39-29 vote, which fell mostly along party lines. This step "sends an important signal to the American people that we will not stand by and allow big financial firms and their lobbyists to
