House Republican leaders have reached a compromise that is expected to clear the way for passage next week of financial reform legislation.

The deal would grant broad powers to direct bank subsidiaries, let the Federal Reserve Board decide whether commercial firms may buy unitary thrifts, make some concessions to insurance agents, and give the Securities and Exchange Commission more oversight of bank securities activities.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.