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Dodd Frank Act

Obama and Financial Regulation: The Dodd-Frank Legacy

Douglas Holtz-Eakin | Posted 07.21.2016 | Business
Douglas Holtz-Eakin

President Obama took office in the immediate aftermath of the financial crisis and Great Recession, so it is hardly surprising that the White House to...

Middle Class Finally Gets a Raise

Harlan Green | Posted 05.19.2016 | Business
Harlan Green

A new rule just announced by the Obama administration will, effective December 1, double the overtime-pay salary threshold and set it to automatically increase every three years. It's about time.

United States Rewards International Whistleblowers for Help in Uncovering Fraud

Tim McCormack | Posted 05.18.2016 | DC
Tim McCormack

By Tim McCormack, Richard Pike and Hamsa Mahendranathan The United States is putting out a call to international whistleblowers, seeking help in the ...

Financial Reform Is Working

Dennis M. Kelleher | Posted 03.07.2016 | Business
Dennis M. Kelleher

The critics of the financial reform Dodd-Frank Act are fond of saying that it doesn't work -- some going so far as to say that the financial system is just as much at risk as it was in 2008, if not even more so.

The Whistleblowers' Third Lemon Award Is to Fannie and FHFA

William K. Black | Posted 03.07.2016 | Politics
William K. Black

The Bank Whistleblowers United's third weekly lemons award is made jointly to the Federal Housing Finance Agency and Fannie Mae (with a dishonorable mention to the federal judiciary). The award goes for these entities' indifference and even hostility to whistleblowers.

The Democratic Party and Obama's Fragile Legacy

David Schultz | Posted 01.29.2016 | Politics
David Schultz

Yes the Affordable Care Act passed, as did Dodd-Frank, the stimulus bill, and a host of other important measures he described in his speech. But somewhere along the line the Obama realignment collapsed, dead by 2010. Why?

Candidate Bernie Is Candidate Obama

Harlan Green | Posted 03.02.2016 | Business
Harlan Green

What I learned from last Sunday's Charlotte, South Carolina Democratic debate, the last debate before the Iowa and New Hampshire primaries, is that Bernie Sanders the idealist is almost a reincarnation of candidate Barack Obama in 2008 when Barack Obama was the fiery progressive on the campaign trail.

Why Does Bernie Love Denmark?

Harlan Green | Posted 01.05.2016 | Business
Harlan Green

Why does Senator Bernie Sanders love Denmark, and has been mentioning it and the other Scandinavian countries as ideal models for a developed country, one he would like the U.S. to emulate?

A Stronger State of the Union Begins With Reining in Wall Street

Dennis M. Kelleher | Posted 01.04.2016 | Politics
Dennis M. Kelleher

As President Obama prepares to deliver his final State of the Union address on January 12, it's difficult to remember how incredibly bad the economy was when he took office seven years ago and how important financial reform is to getting the economy working again for all Americans.

How a Twitter Campaign Can Help #DownSizeBigBanks

John Tuttle | Posted 11.05.2015 | Politics
John Tuttle

Hillary and her #WallStreetDemocrats apparently believe that it is okay to continue to have financial institutions that are Too Big To Fail. Her plan is to always have enough complex rules and regulations in place to control their increasingly complex investment schemes.  

Disciplining Corporate Directors: The Real Culprits in CEO Pay

Dean Baker | Posted 08.10.2015 | Business
Dean Baker

More than five years after the passage of Dodd-Frank the SEC finally issued rules on disclosure of CEO pay last week. This is useful information for trends in inequality. Corporate lobbyists have spent the last five years complaining that this disclosure would impose an enormous burden.

Money Cannot Be The God of Life: How CEO Pay Drives Inequality

Heather Gautney | Posted 07.22.2016 | Politics
Heather Gautney

Lawmakers have failed to keep the wage apace with inflation so that its value is now less than it was five decades ago.

Financial Reform Helping Protect Families From Another Devastating Crash

Dennis M. Kelleher | Posted 07.22.2016 | Politics
Dennis M. Kelleher

The facts of the crisis also make clear that the impacts did not know partisan boundaries. In fact, the economic wreckage from the 2008 financial crash hit every state in the country, regardless of whether the state voted for the Republican or Democratic candidate for President.

Dodd-Frank at Five: Private Equity and the SEC

Eileen Appelbaum | Posted 07.21.2016 | Business
Eileen Appelbaum

The SEC has a straightforward mission to protect investors: It must make sure that companies selling securities to investors tell the truth about their businesses, the securities they sell, and the risks involved.

A Lot Should Happen in 5 Years

Mary Jo Kilroy | Posted 07.17.2016 | Politics
Mary Jo Kilroy

Five years ago, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) was signed into law. Nevertheless, sections of the law still remain to be implemented because of delays in enacting regulations.

Currency of Banking Isn't Dollars - It's Trust

Keith Mestrich | Posted 05.26.2016 | Impact
Keith Mestrich

When five of the world's biggest banks were busted this week for manipulating the cost of dollars and euros, they did more than violate antitrust laws. They violated the public trust.

Legal Confusion as to Spoofing

Andrew Verstein | Posted 05.12.2016 | 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 05.06.2016 | 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 05.05.2016 | 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...