WASHINGTON President Obama hit on several important issues for bankers in his annual address to Congress Tuesday night, though as expected financial services issues took a backseat to other national concerns, like unemployment and the minimum wage.
The president did not blast the banking industry as he has in years past, nor did he declare victory on the implementation of the Dodd-Frank Act, as some had predicted. Indeed, he didn't even tout his success getting key regulators like Richard Cordray, director of the Consumer Financial Protection Bureau, and Mel Watt, head of the Federal Housing Finance Agency, confirmed to their posts in 2013.
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