The speed with which the Dodd-Frank bill should be implemented is generating conflict in Washington.
Although insurance is primarily state-regulated, the issue of whether the Obama administration is implementing provisions of the law too quickly at the cost of transparency is becoming a sore point with the industry.
The issue was highlighted in an exchange between Treasury Undersecretary Neal Wolin and Rep. Spencer Bachus (R-Ala.), chairman of the House Financial Services Committee (FSC).
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