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May 04, 2010 at 08:00 PM
Wall Street lobbyists are trying to reshape S. 3217 by inserting innocent-sounding amendments and special provisions, according to White House Communications Director Dan Pfeiffer.
Pfeiffer describes what he calls “most wanted lobbyist loopholes” in a White House blog entry.
One example, Pfeiffer writes, is a loophole that might keep the U.S. Treasury Department from collecting information from insurers that could help identify emerging threats to the financial system
Lobbyists also might try to take away the authority S. 3217 now would give state attorneys general to enforce financial services consumer protection rules, Pfeiffer writes.
