The privacy debate heated up Thursday on Capitol Hill and slowed a House Commerce Committee plan to vote on financial reform legislation.

The committee was expected to approve a bill late in the day that would eliminate the restrictions on mergers among banks, securities firms, and insurance companies-but only after adding tougher safeguards for consumer financial information held by these conglomerates.

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.