Frank urges delay Internet gambling rules

House Financial Committee Chairman Barney Frank (D-MA) on Monday accused the Bush administration of rushing to implement Internet gambling rules that have raised concerns among banks before it leaves office on January 20. In a letter to Treasury Secretary Henry Paulson Chairman Frank wrote, "I am deeply disappointed to hear that your agency is proceeding with what I consider to be unseemly haste in issuing regulations implementing the Unlawful Internet Gambling Enforcement Act." In response to Frank's letter to Sec Paulson, a Treasury spokeswoman said the Treasury and the Fed were working together "to gather considerable public comment and complete these regulations as directed by Congress."