House and Senate conferees today began the process of reconciling the two chambers' versions of the regulatory overhaul legislation.
While both Democrats and Republicans said they want final legislation that would strengthen consumer protection, they differed sharply on how to achieve it.
Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said it would strengthen government's regulatory powers to "protect consumers from unsafe financial products, such as the subprime mortgages that led to the financial crisis."
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