Obama Signs Sweeping Bank-Reform Bill Into Law

By Ronald D. Orol
Published: July 21 2010 MarketWatch

President Barack Obama on Wednesday signed into law the most historic shake-up of the regulation of U.S. banks since the Great Depression, placing new fees and limits on the nation's biggest banks, imposing new restrictions on the $450-trillion derivatives market, and crafting a major new consumer-protection division for mortgage and credit-card products.

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