Thursday: July 22, 2010 - | Chattanooga News, Weather & Sports

Thursday: July 22, 2010

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The financial reform measure was signed into law. President Obama reiterated the governments intent to prevent another financial catastrophe.

The plan gives the feds new powers to close failing banks, monitor consumer loans and build markets less prone to collapse.

This morning we took a closer look at what this means for consumers with Barton Close from Raymond James and Associates.

He says while consumers won't face a lot of the fees that have created so much controversy, he went on to say that with all the new regulations it could lead to other costs such as fees for checking accounts.



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