Early on June 25, a 20-hour marathon by members of the U.S. House and Senate hammered out a reconciliation bill that could transform financial regulation. The proposal would make lending agreements easier to understand, protect small borrowers from hidden penalties and fees, and restrict trading by banks for their own benefit. The approval clears the way for both houses of Congress to vote on the full financial regulatory bill next week.
Citydesk got Idaho First District Rep. Walt Mlnnick on the horn to ask about the new bill. Minnlck said that In spite of aspects of the bill that "may result in unnecessary cost and government Interference, there is more good than bad," In the …

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