The rule will impose new limits on the trading activities of Wall Street.
The Senate voted 57-41 to confirm Rep. Mel Watt (D-N.C.) as top housing regulator.
Obama hailed approval of final rules implementing core piece of Dodd-Frank reform law.
The Commodity Futures Trading Commission will vote on the rule behind closed doors.
Democratic Rep. Mel Watt is expected to win Senate confirmation for a top housing regulator slot on Tuesday and he won't even be in the country to see it.
Watt, who appears set to lead the Federal Housing Finance Agency, is headed to South Africa as part of a congressional delegation attending Nelson Mandela's funeral.
Lawmakers are in for a busy week as they race to finish deals on the budget and farm bill before the holiday recess.
Budget negotiators say they are closing in on a compromise that would avert the sequestration cuts for two years, and they...
The SEC is the only agency that will consider the matter privately.
CFPB Director Richard Cordray defended the effort on Thursday and promised that the bureau would be “vigilant“ in enforcing the “back to basics” regulations for mortgage lenders and servicers.
A bipartisan pair of senators told Treasury Secretary Jack Lew Thursday that it was too soon to take a “victory lap” on ending “too big to fail.”
"I believe we will meet that test," Treasury Secretary Jack Lew said on Thursday.