Financial overhaul update - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Financial overhaul update

Texas - With the financial overhaul legislation passing in the Senate, it is just days away from reaching the President's desk.

The bill calls for the creation of a Consumer Protection Agency, and a top White House official has announced a potential candidate to take charge.

Senior advisor, David Axelrod, states that Elizabeth Warren is "obviously a candidate", and that she is a champion for consumers and middle-class families.

Warren now heads the Congressional oversight panel, which has been a watchdog over the treasury department's bank bailout fund.



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