WASHINGTON — Senate Banking Chairman Christopher Dodd (D., Conn.) said Friday that a consumer-protection entity created by a proposed financial-regulatory overhaul should have the power to make new rules, regardless of whether the agency is independent.

While questions about a possible consumer-protection agency have focused on the agency's placement in the federal bureaucracy, Dodd said he is "more concerned about what powers it has" and suggested that rulemaking should be one of those powers. Dodd made the remarks in an interview on Bloomberg Television's "Political Capital with Al Hunt." The interview was taped Friday and is to be broadcast this weekend.

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