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House Financial Services Committee Considers Regulating Industries That Heavily Fund Members' Campaigns

News release: “The House Financial Services Committee today [began] marking up a bill that would create a new consumer protection agency and increase regulation of a number of financial products, including credit cards, insurance, mortgages and “derivatives.” Even as members of the committee consider how to prevent another economic collapse, they may have another financial issue in mind — the industries opposing the measure have contributed $77.6 million to the 71 members of the committee since 1989, the Center for Responsive Politics has found.”

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