Vote on Consumer Financial Protection Agency expected this month.

With Congress back in session, the U.S. House Financial Services Committee in late September is expected to vote on legislation to create the Consumer Financial Protection Agency proposed by Rep. Barney Frank (D-Mass.), according to published reports. A vote was originally planned for July but was postponed amid concerns from the business community. The AICPA believes some provisions in the bill appear to be redundant as CPAs are licensed by state boards of accountancy, posing an...