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Dodd Frank Act

Legal Confusion as to Spoofing

Andrew Verstein | Posted 05.12.2015 | Business
Andrew Verstein

Five years and a week ago, the market suffered one of the most violent drops and bizarre recoveries. Just a few short weeks ago Navinder Singh Sarao was accused of having helped cause it.

SEC's waiting game must end for oil, mining transparency

Raymond C. Offenheiser | Posted 05.06.2015 | Impact
Raymond C. Offenheiser

With payments out in the open, citizens can hold their governments accountable for how they spend payments, and companies can be held accountable for paying what is due. Armed with that information, activists can push for more of that money to be spent back in their communities.

Want to Fight New Forms of Financial Corruption? Hire Women.

Lynn Parramore | Posted 05.05.2015 | Business
Lynn Parramore

Social anthropologist Janine Wedel, author, most lately, of Unaccountable: How Elite Power Brokers Corrupt Our Finances, Freedom, and Security, has spent decades getting to the bottom of how powerful people wield influence. Truth and transparency, she warns, have devolved into a performance art.

Republicans Are the Real Socialists

Harlan Green | Posted 03.15.2015 | Politics
Harlan Green

The new Republican Congress is exposing a not surprising fact. Its first actions are attempts to water down the Dodd-Frank Wall Street and Consumer Protection Act, and repealing Obamacare -- which will pass the risks of financial meltdowns and medical catastrophes back to us, the taxpayers.

Fox News Hosts Have No Idea What Slut-Shaming Means

The Huffington Post | Leigh Weingus | Posted 01.08.2015 | Media

Fox News host Kennedy Montgomery used an, um, interesting phrase to criticize a new rule in the 2010 Dodd-Frank law which could require companies to d...

Schumer's Delicate Dance with Wall Street

Robert Kuttner | Posted 02.21.2015 | Politics
Robert Kuttner

Last week, I wrote a piece in this space lamenting the fact that so many Democrats had voted for a budget package that gutted a key provision of the Dodd-Frank Act. The so called swaps push-out provision, now repealed, required banks to separate their speculative business in derivatives from depository banking covered by government insurance and further protected by the Federal Reserve. The broader budget deal, technically a continuing resolution to keep the government funded through next September, also cut a lot of needed public spending and added several odious riders, including one that raises the ceiling on individual campaign contributions to party committees about tenfold. Had Democrats resolutely opposed the deal, I argued, it would have revealed Republicans as friends of Wall Street and enemies of Main Street -- a useful party differentiation between now and 2016.

The Budget Deal and the Run-Up to 2016

Robert Kuttner | Posted 02.13.2015 | Politics
Robert Kuttner

In principle, Saturday's vote to keep the government open should be the perfect curtain-raiser for the political debates between now and the 2016 election. As their price for averting a government shutdown, Republicans demanded and got a gutting of one of the most important provisions of the Dodd-Frank Act, preventing banks from speculating with government insured money. Agencies hated by Republicans such as the Environmental Protection Agency took big cuts, and a rider was inserted permitting "mountaintop removal" coal mining once again. Another extraneous provision demanded by conservatives permits massive increase in individual campaign contributions. Far worse will be directed at ordinary working families when the new Congress meets in January.

Sabrina Siddiqui

Government Stays Open As Congress Advances Poison-Pill Spending Bill

HuffingtonPost.com | Sabrina Siddiqui | Posted 12.12.2014 | Politics

WASHINGTON -- At least Democrats will have eggnog to wash down the poison pills they swallowed on Thursday as the House narrowly passed a government f...

Sabrina Siddiqui

John Boehner Claims There's No 'Wall Street Giveaway' In Omnibus Bill

HuffingtonPost.com | Sabrina Siddiqui | Posted 12.11.2014 | Politics

WASHINGTON -- House Speaker John Boehner (R-Ohio) scrambled Thursday to defend a plan to subsidize risky Wall Street derivatives trading. The controve...

Michael McAuliff

Deal To Fund Government On Verge Of Collapse

HuffingtonPost.com | Michael McAuliff | Posted 12.11.2014 | Politics

WASHINGTON -- Democrats and a handful of Republicans rebelled against the government funding bill Thursday, with a possible government shutdown loomin...

Wall Street Leading Washington Yet Again: What Was Obama Thinking?

Robert Kuttner | Posted 01.23.2015 | Politics
Robert Kuttner

If you want to understand what makes Elizabeth Warren so special in American politics, consider her nervy leadership of the campaign to block President Obama's foolish nomination of one Antonio Weiss to be the top Treasury official in charge of the domestic financial system, including enforcement of the Dodd-Frank Act. For most of his Wall Street career, Weiss has epitomized everything that reeks about financial abuses. As chief of international mergers and acquisitions for Lazard, Weiss orchestrated what are delicately known as "corporate inversions," in which a domestic corporation moves its nominal headquarters offshore, to avoid its U.S. taxes. And that's only the beginning. Many of the other deals orchestrated by Weiss resulted in operating companies being bought and sold by giant conglomerates, where the "savings" and "increased efficiency" came mainly from tax breaks and reduced worker compensation.

Ben Walsh

No, Regulation Is Not Keeping Banks From Making Money

HuffingtonPost.com | Ben Walsh | Posted 11.12.2014 | Business

Michael Bloomberg on Monday told a room full of bankers, traders, and investors that financial regulation was hurting their profitability and the U.S....

Paul Krugman: Obama's Record On Fighting Inequality Better Than You Think

The Huffington Post | Alexander C. Kaufman | Posted 10.08.2014 | Business

Banks may still be too big to fail, wages are still flat, and the income gap is still widening, but economist Paul Krugman nevertheless calls Presiden...

Zach Carter

How Chuck Schumer Accidentally Built The Wall Street Reform Caucus

HuffingtonPost.com | Zach Carter | Posted 08.04.2014 | Politics

DETROIT AND WASHINGTON -- They call him "Wall Street Chuck" on Capitol Hill. He has raised at least $70 million from the financial sector for the Demo...

Why I Love My Bank Regulator

Keith Mestrich | Posted 09.23.2014 | Impact
Keith Mestrich

Many financial sector executives are not fans of bank regulators -- to put it mildly. But I have a different perspective: I love my bank regulator. Here's why -- and why you should, too.

Zach Carter

Chris Dodd Warns That It's Not Just Leftists Who Hate The Banks Now

HuffingtonPost.com | Zach Carter | Posted 07.16.2014 | Politics

WASHINGTON -- The rise of anti-corporate conservatives is a significant threat to the American banking establishment, according to former Sen. Chris D...

Obama Says 'Further Reforms' Needed To Rein In Wall Street

The Huffington Post | Igor Bobic | Posted 07.03.2014 | Politics

President Barack Obama believes additional reforms are needed to rein in the excesses of Wall Street some six years after the financial crisis plunged...

Zach Carter

House Passes Bill To Aid Koch Brothers, Deregulate Wall Street

HuffingtonPost.com | Zach Carter | Posted 06.25.2014 | Politics

WASHINGTON -- The U.S. House of Representatives on Tuesday passed a financial deregulation package that would benefit the Koch brothers and the nation...

Zach Carter

How Democrats Are Accidentally Helping The Koch Brothers

HuffingtonPost.com | Zach Carter | Posted 06.10.2014 | Politics

WASHINGTON -- Over the past two years, House Majority Leader Eric Cantor (R-Va.) has repeatedly wrestled with factions of his own party as he tries to...

Zach Carter

How House Democrats Are Caving On Key Mortgage Rules

HuffingtonPost.com | Zach Carter | Posted 06.10.2014 | Politics

WASHINGTON -- House Republican leaders Eric Cantor and John Boehner are about to secure the passage of a bill that chips away at consumer mortgage pro...

Zach Carter

How The Congressional Black Caucus Went To War With Itself Over Wall Street

HuffingtonPost.com | Zach Carter | Posted 05.28.2014 | Politics

Gwen Moore does not seem like anybody's idea of a corporate stooge. The Milwaukee Democrat, a single mom who once survived on welfare, has sponsored e...

Zach Carter

How Warren Buffett Would Cash In On Mobile Home Deregulation

HuffingtonPost.com | Zach Carter | Posted 05.22.2014 | Politics

WASHINGTON -- Warren Buffett's Berkshire Hathaway conglomerate owns the two dominant lenders in the mobile home business -- 21st Mortgage Corp., and V...

VA Releases Interim Rule On Qualified Mortgages

Chris Birk | Posted 07.15.2014 | Business
Chris Birk

Under the interim rule, all purchase and refinance loans that receive a VA guaranty would be classified as safe harbor Qualified Mortgages, except for certain VA Streamline refinance loans.

A 10-Step Guide to Whistleblowing

Adam Resnick | Posted 04.20.2014 | Business
Adam Resnick

1. Shut up and get a good lawyer, fast. You can complain about the fraud internally, but we all know how that usually ends. Once you identify a fra...

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 ...