Possible new financial regulatory comission

Thursday - 5/21/2009, 5:44pm EDT

Zachary Goldfarb

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Is a new financial regulatory commission on the horizon?

The Obama administration is discussing creating an agency to help protect consumers who sign up for mortgages, credit cards and other financial products.

Regulators and banking groups fall on both sides of this issue. We talk now with Zachary Goldfarb who is financial reporter at the Washington Post about this issue.