Corker served temporarily as lead negotiator for the Republicans in the Senate banking committee, before U.S. Senator Christopher Dodd, D-Connecticut, moved the bill out of committee earlier this month with provisions in it that Corker was still trying to get changed, such as:
• The Consumer Financial Protection Bureau. Corker is not against the creation of an agency – but he wants banking regulators to have veto power over the rules created.
• Requiring banks to hold onto five percent of the loans they create, rather than selling them all to other investors. “That’s not going to address the problem,’’