The banking industry won tougher limits on thrift rivals and dodged onerous consumer privacy protections Thursday as a House subcommittee voted 26 to 1 for a financial reform bill.

However, as expected, the House Commerce finance subcommittee significantly changed the legislation that was passed by the House Banking Committee in March.

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.