financial reform

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Obama to Propose Knocking Banks Down to Size

President plans new limits on bank size, risk-taking

(Newser) - President Obama, going on the offensive against Wall Street banks "too big to fail," plans to propose measures to limit the size of banks and their ability to take risks, according to administration sources. Adopting an approach championed by former Fed chief Paul Volcker, he wants to bar...

Dems May Cave on Consumer Agency
Dems May Cave on Consumer Agency 
Jan 19, 2010 9:43 AM CST

Dems May Cave on Consumer Agency

Proving they serve banks, not families, says Elizabeth Warren

(Newser) - Senate Democrats are signaling that they're willing to drop the independent Consumer Financial Protection Agency to get financial reform passed, but they'll have to go through bailout watchdog Elizabeth Warren to kill it. The fight over the independent agency is a showdown between the banks' interests and those of American...

Now Dodd Can Make a Real Difference
Now Dodd Can Make a Real Difference
Jan 7, 2010 11:37 AM CST

Now Dodd Can Make a Real Difference

Lame duck can cut a deal with GOP on financial oversight

(Newser) - Sen. Chris Dodd’s decision not to seek reelection could make financial regulatory reform more likely while burnishing his own tainted legacy. Oddly, the route to legislative success for the historically Wall Street-connected Dodd would require him to back away from the more populist, pro-consumer stance he took when his...

Banks Screw Customers in Regulatory Pout
Banks Screw Customers in Regulatory Pout
OPINION
Jan 6, 2010 9:18 AM CST

Banks Screw Customers in Regulatory Pout

Fees soar in revenge for tougher rules in the works in Congress

(Newser) - With a slew of new regulations headed their way, banks are jacking up their fees and credit card rates, in a blatant attempt to squeeze every last penny out of their customers. They say they’re just trying to recoup the money these new consumer protections will cost them. For...

Shelby, Dodd Expect Bipartisan Financial Reform

January markup possible as fears of a partisan battle fade

(Newser) - Hoping to avoid a repeat of the health care dogfight, Chris Dodd and Richard Shelby think they’ve made “meaningful progress” on a bipartisan deal on financial regulatory reform. Dodd’s initial solo draft of the bill drew Republican jeers asked top members of his Senate Banking committee to...

Winners, Losers in Bank Reform Bill

Big banks and securities firms face tougher standards

(Newser) - The financial reform bill now on its way to the Senate is the biggest such effort since the Great Depression. The Wall Street Journal runs down who wins and loses, beginning with the Winners:
  • Mortgage lenders: The bill doesn't allow bankruptcy judges to adjust the terms of first mortgages.
  • Credit
...

White House Move Bad News for Investors
White House Move Bad News for Investors
analysis
Nov 3, 2009 11:23 AM CST

White House Move Bad News for Investors

It's trying to weaken protections put in place after Enron

(Newser) - Belying its reputation as financial regulatory crusaders, the White House is quietly working to weaken a protection for everyday investors. Rahm Emanuel is pushing lawmakers to back an amendment that would exempt smaller companies from audits of their internal controls, sources tell the Huffington Post. The stricter controls, established by...

Frank, Geithner to Roll Out 'Too Big to Fail' Bill

New rules will impose 'living wills' for banks

(Newser) - After months of negotiations, Congress and the Obama administration are ready to introduce new rules on financial institutions deemed "too big to fail." Barney Frank, who heads the House Financial Services Committee, will present a bill as soon as this week that will let the government seize...

Don't Fight Reform, Obama Warns Wall St. at NYC Dinner

Still, president reminds finance industry, 'we're in this together'

(Newser) - At a fundraising dinner tonight in New York attended by (among others) the sorts of financial types who could afford the $30,400-per-couple entry fee, President Obama wagged a finger at Wall Street. “I would ask that you join us in passing what are necessary reforms,” he said...

Wall Street Doing Its Best to Buy Schumer

Hands NY Dem $1.65M as vote looms on new financial regulations

(Newser) - With a vote looming on Barack Obama’s plan to revamp financial regulations, Wall Street has shoveled $10.6 million into Senate campaign chests this year. Most of that money, $7.7 million, has gone to Democrats, and more than 15% has gone to one man: Chuck Schumer. Schumer’s...

Blue Dogs Offer Own Spin on Finance Reform

Float alternative to Obama's financial protection agency

(Newser) - Blue Dogs are digging in against the idea of creating a “consumer financial protection agency,” a key provision in Barack Obama’s financial regulatory reform plan, Politico reports. Instead, they want existing regulators to collaborate by way of a “consumer financial protection council.” “We’re...

Obama Vows to End 'Fat' Exec Bonuses

Summers sees 'death panel' tactics from reform foes

(Newser) - President Obama used his weekly radio address today to promise a continued crackdown on risky investment schemes that result in "fat executive bonuses" on Wall Street, reports Reuters. Obama pledged to use next week's G20 summit in Pittsburgh to push for sweeping reform of the world's financial markets. "...

Obama Turns to Wall Street Reform

NY visit will push for "fundamental change" to financial rulebook

(Newser) - As Washington wrangles over what shape health reform might take, President Obama heads to Wall Street today to remind it that financial reform is far from being forgotten, reports the Washington Post. On the one-year anniversary of Lehman Brothers' implosion, the president will push financial overhaul as urgent in order...

US Too Scared to Take On Monster Banks: Stiglitz

it's 'outrageous' bonuses aren't being curtailed, says economist

(Newser) - Underlying financial problems posed by ever-growing monster banks are worse now than before the economic crisis, but the Obama administration is reluctant to take them on, warns a Nobel Prize-winning economist. The so-called "too-big-to-fail banks" have become even bigger, and their troubles will further threaten the economy, Columbia University...

Stories 81 - 94 | << Prev