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Dodd Frank

Dodd-Frank: Five Years After

Stephen G. Cecchetti | Posted 07.05.2015 | Business
Stephen G. Cecchetti

On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (hereafter, DF), the most sweeping financial regulatory reform in the United States since the 1930s. Let's have a look at the most noteworthy accomplishments and the biggest failings so far.

Zach Carter

Republican Nirvana: Congress Votes On Bill To Aid Wall Street Banks ... And The Koch Brothers

HuffingtonPost.com | Zach Carter | Posted 06.10.2015 | Politics

WASHINGTON -- House Republicans will vote Wednesday on a bill to help Wall Street banks and the Koch Brothers avoid regulatory scrutiny for risky trad...

Zach Carter

Here's Why Elizabeth Warren Is So Mad At The SEC

HuffingtonPost.com | Zach Carter | Posted 06.04.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) stunned Wall Street this week with a scathing letter to Securities and Exchange Commission Chair Mary Jo...

Zach Carter

Elizabeth Warren Has Had It With The SEC's Aid To Wall Street Lawbreakers

HuffingtonPost.com | Zach Carter | Posted 06.02.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) sent a letter to Securities and Exchange Commission Chair Mary Jo White on Tuesday, criticizing White's ...

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

Keith Mestrich | Posted 05.27.2015 | 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.

Is Dodd-Frank Really Under Attack?

Douglas Holtz-Eakin | Posted 05.21.2015 | Business
Douglas Holtz-Eakin

Dodd-Frank is a sweeping regulatory initiative and there is no reason to believe that Congress got it right the first time around. It did not. But it is equally unrealistic to equate any small attempt to improve it as a wholesale assault on the desirable goal of avoiding a future financial crisis.

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.

Why Are Conservatives Abandoning States' Rights for Big Banks?

Paul Bland | Posted 05.08.2015 | Politics
Paul Bland

Why are the Republican Attorneys' General, who go on and on about loving states' rights, trying to roll back the clock to an era when state consumer protection laws were widely stomped out in favor of federal regulatory agencies?

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.

Zach Carter

Elizabeth Warren Hammers The Endless Failures Of Wall Street Regulators

HuffingtonPost.com | Zach Carter | Posted 04.15.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) assailed the nation's top bank regulators on Wednesday for coddling Wall Street offenders and ducking th...

Zach Carter

House Republicans Hand Warren Buffett Big Win On Expensive Loans To The Poor

HuffingtonPost.com | Zach Carter | Posted 04.15.2015 | Politics

WASHINGTON -- House Republicans approved a set of lucrative perks for Warren Buffett on Tuesday, passing legislation to help his mobile home empire se...

Robbins Geller Takes IBM and Alibaba to Task

Nancy Laws | Posted 06.12.2015 | Politics
Nancy Laws

On the surface, the market seems to be shifting in a positive direction, but simply making time to stay informed, helps us to recognize similarities to questionable behaviors in the financial sector that caused the Great Recession.

Zach Carter

General Electric Hands Dodd-Frank Its Biggest Victory Yet

HuffingtonPost.com | Zach Carter | Posted 04.10.2015 | Politics

WASHINGTON --General Electric said Friday it will sell off most of its banking operations, an acknowledgment that the company needs to transform itsel...

Zach Carter

House Republicans Want To Hand Warren Buffett Bigger Profits On Loans To Poor People

HuffingtonPost.com | Zach Carter | Posted 04.09.2015 | Politics

WASHINGTON -- House Republicans are set to deliver a major favor to Warren Buffett next week, days after a devastating expose detailed consumer abuses...

New Proposals to Rein in Payday Loans Show Why Unscrupulous Corporations Want You to Hate Government

Ian Reifowitz | Posted 05.31.2015 | Politics
Ian Reifowitz

Reining in the payday loan industry has been in the works over at the CFPB for a while now, and it's not a moment too soon. Why isn't there national regulation? Although some people are willing to do so, liberals believe that our country cannot permit such behavior.

Zach Carter

House Republicans Just Let The Cat Out Of The Bag

HuffingtonPost.com | Zach Carter | Posted 03.19.2015 | Politics

WASHINGTON -- Since taking control of the House in 2010, Republicans have crafted dozens of bills ostensibly devoted to "streamlining and simplifying"...

What I Hate...

Gerry Myers | Posted 05.16.2015 | Politics
Gerry Myers

I hate that we are leaving such a mess to our children and grandchildren. Solution: Congress should stop acting like children and do their jobs.

Republicans Attack Wall Street Reform In Budget Plan

Reuters | Posted 03.17.2015 | Politics

By Sarah N. Lynch WASHINGTON, March 17 (Reuters) - Republican lawmakers took aim at the Dodd-Frank Wall Street reform law Tuesday, unveiling a plan...

Don't Be Fooled by Bogus 'Harvard' Paper

Dennis M. Kelleher | Posted 05.04.2015 | Politics
Dennis M. Kelleher

Wall Street and its allies are once again pretending to care about community banks while trying to roll back financial reform to help, you guessed it, Wall Street. But, don't be fooled by industry's spin on this so-called "study."

Zach Carter

Elizabeth Warren's Next Target Is The Fed's Top Lawyer

HuffingtonPost.com | Zach Carter | Posted 02.24.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chair Janet Yellen on Tuesday over public advocacy of deregulation by the centra...

Zach Carter

Congress Revives Gingrich-Era Law To Thwart Obama

HuffingtonPost.com | Zach Carter | Posted 02.05.2015 | Politics

WASHINGTON -- Republicans in Congress aim to revamp an anti-regulatory law from the Newt Gingrich era in an effort to paralyze new financial, environm...

Zach Carter

Senate Democrats Join GOP Attack On Financial and Environmental Regulation

HuffingtonPost.com | Zach Carter | Posted 01.26.2015 | Politics

WASHINGTON -- Four Senate Democrats are working with Republicans to help the U.S. Chamber of Commerce and other GOP-affiliated lobbying groups undermi...

Republicans and Wall Street Say, 'To Hell With Protecting the Public!'

Bill Moyers | Posted 03.22.2015 | Politics
Bill Moyers

[Banks] want to be able to do things their way, and that's very dangerous," MIT economist Simon Johnson tells me. "'Here we go again' -- I think that's the motto for this Congress."

Zach Carter

House Republicans Approve New Perk For Wall Street

HuffingtonPost.com | Zach Carter | Posted 01.14.2015 | Politics

WASHINGTON -- House Republicans on Wednesday pushed through a bill that would delay a key section of the Volcker Rule, ignoring staunch opposition fro...

Ben Walsh

Jamie Dimon Says Banks Are Under Assault As He Announces $4.9 Billion Profit

HuffingtonPost.com | Ben Walsh | Posted 01.14.2015 | Business

We should all do so well while under assault.