WASHINGTON (AP) — The senator trying to rewrite the nation’s financial industry rules is dropping plans to create a stand-alone consumer financial protection agency and give a single regulator the power to oversee all banks, according to people familiar with the evolving proposal….

View full post on AP Top Business News At 5:06 p.m. EDT

WASHINGTON AP) (AP) — Unable to muster bipartisan agreement on key banking provisions, Senate Banking Committee Chairman Christopher Dodd said Thursday he will offer his own version of a sweeping overhaul of financial regulations without Republican support….

View full post on AP Top Business News At 10:37 a.m. EST