WASHINGTON - The House Banking Committee on Thursday approved the Clinton administration's anti-money-laundering bill, but opposition in the Senate is likely to prevent it from becoming law this year.

Meanwhile, more details surfaced about the delay of legislation that would prohibit consumers from using credit cards to gamble online. House Banking was scheduled to vote on it Thursday but postponed action after complaints by the Treasury and Justice departments.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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