Several news outlets, including the Wall Street Journal and Washington Post, reported that Senate Banking Committee Chairman Chris Dodd (D-Conn.), who is overseeing bipartisan negotiations on his panel’s regulatory restructuring bill, may drop plans to create a stand-alone CFPA. According to these reports, the CFPA would be replaced with a strong consumer division in a bank regulatory agency, most likely a newly created federal agency combining the OCC and the OTS.