WASHINGTON — Enacting credit card reform and completing the stress tests cleared a path for regulatory restructuring, but policymakers still face long odds of accomplishing any changes this year.

The Obama administration has yet to declare how it wants to see oversight improved, and the various agencies threatened by a loss of power are already defending the status quo. There also is a growing fear that the longer the debate drags out, the harder it will be for Congress to come to an agreement.

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