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American Bankers Association

Zach Carter

Democrats Defeat GOP Plan To Block Predatory Lending Protections For Soldiers

HuffingtonPost.com | Zach Carter | Posted 04.30.2015 | Politics

WASHINGTON -- House Democrats successfully knocked down a GOP plan early Thursday morning that would have blocked predatory lending protections for Am...

Should Banks Be Allowed to Robocall Your Mobile Phone?

Adam Levin | Posted 03.25.2015 | Business
Adam Levin

According to the Telephone Consumer Protection Act, it's illegal to robocall a mobile phone number without permission. The American Bankers Association wants to change that, arguing that robocalls will help fight identity theft and other kinds of fraud.

STUDY: 35 Percent Of Americans Have Debt In Collections

AP | JOSH BOAK | Posted 09.27.2014 | Business

WASHINGTON (AP) -- More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study ...

Government Should Fix Barriers to Latino Homeownership

Frank Keating | Posted 08.24.2014 | Business
Frank Keating

June is American Housing Month, when we celebrate the variety of housing choices that Americans make. Whether owning or renting, the basic principle is that you should be free to choose the home that works best for you and your family.

Senate Majority PAC Not Telling Whole Story

FactCheck.org | Eugene Kiely | Posted 01.25.2014 | Politics

The Following post first appeared on FactCheck.org. A Democratic ad says former Sen. Scott Brown “delivered” for “big banks” in the Sen...

Regulators Trim Portion Of Volcker Rule After Banks Complain

Reuters | Emily Stephenson | Posted 01.25.2014 | Business

WASHINGTON (Reuters) - Five U.S. bank regulatory agencies on Tuesday approved a tweak to the Volcker rule that would allow banks to keep interests in ...

Banks Finally Going To Get Answers On Pot Business

Reuters | Posted 01.25.2014 | Small Business

By Brett Wolf WASHINGTON, Nov 20 (Thomson Reuters Accelus) - Banks, worried about running afoul of federal money-laundering law in de...

Wall Street Pleads With GOP To Put The Debt Ceiling Gun Down

The Huffington Post | Chris Gentilviso | Posted 09.28.2013 | Politics

A former GOP governor and major voice for Wall Street minced no words on Friday about the repercussions the United States would face for defying the d...

Richmond, California Defies Wall Street to Help Homeowners

Peter Dreier | Posted 11.11.2013 | Business
Peter Dreier

About 300 residents packed the six hour long meeting -- held at the Richmond Memorial Auditorium instead of the City Council chambers -- to discuss the city's plan to help families whose home values have plummeted through no fault of their own.

Wall Street Lobbyists Nervous As Cities Use Eminent Domain to Protect Homeowners

Peter Dreier | Posted 09.29.2013 | Politics
Peter Dreier

Now the same Wall Street players who crashed the economy in the first place are trying to stop local governments from solving the problem.

Why Romney the Closer Is a Consumer Nightmare

Adam Levin | Posted 12.16.2012 | Business
Adam Levin

Mitt Romney is the poster child of big business expediency, where truth is less important than closing the deal. And if he gets elected we'll see a reprise of the Wild West days that ended in the 2008 crisis.

Troubled County Began Eminent Domain Talks In Secret

Reuters | Posted 09.12.2012 | Business

* San Bernardino began talks with investor group in January * County and Mortgage Resolution Partners agreed not to disclose ...

Disempowered Bankers Start Super PAC, Reveal Plans for World Domination

Blair Bowie | Posted 06.06.2012 | Politics
Blair Bowie

When is Packard imagining himself having this conversation and what will he be asking for to call off the hounds? This statement speaks volumes about how the industry thinks about its involvement in politics.

Dan Froomkin

Auction 2012: How The Bank Lobby Owns Washington

HuffingtonPost.com | Dan Froomkin | Posted 01.30.2012 | Politics

Auction 2012 is a weeklong series in collaboration with "The Dylan Ratigan Show" and United Republic. When Washington puts policy on the auction bl...

Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 09.05.2011 | Business

HuffPost Update: The FDIC approved a rule Wednesday that allows regulators to claw back up to two years of Wall Street executives' pay if they are fou...

Simon Johnson: When Regulators Side With The Regulated

The New York Times | Simon Johnson | Posted 07.19.2011 | Business

The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Trea...

Zach Carter

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

Looking For A Credit Card? It Pays To Be Rich

AP | CANDICE CHOI | Posted 05.25.2011 | Business

NEW YORK — It pays to be rich if you need a credit card. A year after sweeping credit card regulations upended the industry, banks are showerin...

Borrowers Aren't Paying Billions In Home Equity Loans

nytimes.com | DAVID STREITFELD | Posted 05.25.2011 | Business

During the great housing boom, homeowners nationwide borrowed a trillion dollars from banks, using the soaring value of their houses as security. Now ...

Ryan Grim

Wall Street Opposes Wall Street Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Wall Street reform likely got a boost in the eyes of the public on Monday when the major trade association representing big banks came out strongly ag...

Shahien Nasiripour

Bank Lobbyists Fought For Very Thing They're Now Trying To Kill, Says Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Bank lobbyists are fighting to derail a key element of consumer protection which they fought to preserve just four years ago, threatening to kill fina...

Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

$9 million in stock options as a 2009 bonus for Goldman Sachs CEO Lloyd Blankfein is now considered a big concession from Wall Street. Before we all start applauding, let's take another look at what's really happening on Wall Street.

Bank Of America CEO Brian Moynihan Signals Openness To Consumer Protection Agency

Posted 05.25.2011 | Business

Brian Moynihan, Bank of America's new CEO, may not oppose the creation of a federal consumer-protection agency, the Wall Street Journal reports this m...

News Flash: Lenders Prefer Fragmented Regulation of the Consumer Financial Marketplace

Norman I. Silber | Posted 05.25.2011 | Business
Norman I. Silber

Regulators appear to have placed a higher value on protecting the interests of those who sell financial products than on the interests of consumers of transparent, safe, and fair financial products.

Shahien Nasiripour

Ed Yingling: Banking Industry's Top Defender Got It Wrong Over and Over Again

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

As the American Bankers Association gathers for its annual convention in Chicago amid hundreds of protesters, and sets off to kill or at least defang ...