BUSINESS

Richard Shelby, GOP Leader, Wants To Overhaul Consumer Agency

11/20/2010 05:12 am ET | Updated May 25, 2011

WASHINGTON (Reuters) -- Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they regain control of Congress after the November elections, a leading lawmaker said on Monday.

Richard Shelby, the top Republican on the powerful Senate Banking Committee, said lawmakers must revisit the legislation enacted this summer, which is the broadest overhaul of financial rules since the Great Depression.

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