Felix Salmon Updates the Current Status of CFPA Legislation

Senator Dodd and Senator Corker are working together on details of Finance/Bank reform legislation.  One of the snags or sticking points is the structure/configuration of the Consumer Financial Protection Agency (CFPA).  Felix Salmon at Reuters has the most up-to-date news on this.  Great work as usual from Mr. Salmon.  He got some of the info. from here "Sulgrave Partners LLC" as well.  You should read the details at those two links, but my short summary would be "It's not looking good folks."