Week in Review

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Senate committee approves Yellen to lead Fed, Senate votes to limit confirmation filibusters, and more…

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  • The Senate voted to limit the minority party’s ability to filibuster confirmations of President Barack Obama nominees.
  • JP Morgan settled with the U.S. Department of Justice (DOJ) and agreed to pay a historic $13 billion for allegedly selling “low-quality mortgage-backed securities.”
  • A top New York financial regulatory reportedly explored “BitLicense” and other virtual money regulations.