This week Rep. Barney Frank (D-MA), a longtime supporter of online gambling regulation, sent a letter to Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke urging them to delay the implentation of UIGEA regulations .Frank's letter was supported by 18 members of the Financial Services Committee.<a href="http://www.aintluck.com/barney-frank-launches-preemptive-strike-on-uigea-rules/" >From Aintluck.com: </a>Quote: <table width="100%" cellpadding="6" cellspacing="0" >In Franks letter, he begins by detailing how the UIGEA rules were officially approved on January 19th, 2009, one day before current U.S. President Barack Obama took office. Specifically, he states:We realize this is not a task you requested. We also believe this is an unreasonable burden on regulators and the financial services industry at a time of economic crisis, and it contradicts the stated intent of the Financial Services Committee.
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