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Changes in financial regulation
Los Angeles Times: The new financial overhaul law triggers hundreds of new rules that regulators must draft and enact in the next two years. Here is a timetable of major actions.
Effective immediately:
Key appointments Directors of the Consumer Financial Protection Bureau and the Office of Financial Research, which will collect and monitor financial information.
Resolution authority Power to seize and dismantle large financial institutions should their imminent failure pose a danger to the economy.
