With the contours of a long-awaited agreement on financial modernization now in place, the financial services industry's equivalent of the Berlin Wall may be just weeks away from a bulldozing.

As early as today, congressional staff will begin circulating a bill that reflects the crucial Community Reinvestment Act compromise reached in the wee hours Friday morning by the White House and senior lawmakers, as well as prior agreements on unitary thrifts, operating subsidiaries, and privacy protections.

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.