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Dodd Frank

Obama Won't Tolerate Wall Street Gifts, Treasury Secretary Says

The Huffington Post | Zach Carter | Posted 11.25.2015 | Politics

WASHINGTON -- Treasury Secretary Jack Lew on Tuesday warned Congress against attempting to slip financial deregulation efforts into must-pass ye...

Kochs Brothers' 'Freedom Partners' Investments Exposed

Mary Bottari | Posted 11.21.2015 | Politics
Mary Bottari

The Koch network's secret bank, "Freedom Partners Chamber of Commerce," spent big during the 2014 midterm elections, including bankrolling efforts to roll back Wall Street reform. The Center for Media and Democracy (CMD) has been digging into some of the Freedom Partner funding streams.

Big Oil and the SEC Delay Transparency Law for 4 Years

James North | Posted 11.18.2015 | Politics
James North

All over the world, politically active citizens and grass roots organizations are surely disappointed that the U.S. oil industry has for more than 4 years successfully delayed a vital new American law that should already be requiring oil and mining companies to stop concealing their payments to foreign politicians and governments.

Why 65 Dems Are Trying To Strip Financial Safeguards For People Of Color

The Huffington Post | Zach Carter | Posted 11.17.2015 | Politics

WASHINGTON -- Progressive Democrats are scrambling to prevent their colleagues from supporting a bill that would pave the way for racial discriminati...

Dozens Of Democrats Are About To Side With Racist Car Dealers

The Huffington Post | Zach Carter | Posted 11.17.2015 | Politics

WASHINGTON -- Dozens of House Democrats are expected to vote this week in favor of legislation that would open the door to racial discrimination...

Republicans Swore A Coded Oath To Wall Street During The Debate

The Huffington Post | Zach Carter | Posted 11.11.2015 | Politics

On Tuesday night, one Republican presidential hopeful after another lined up to offer coded oaths of fealty to Wall Street donors, pledging to empowe...

House Republicans Are Trying To Slip Bank Deregulation Into The Highway Bill

The Huffington Post | Zach Carter | Posted 11.03.2015 | Politics

WASHINGTON -- House Republicans are angling to slip two pieces of bank deregulation into a major highway funding bill that is expected to pass with b...

Elizabeth Warren Warns Democrats Against Wall Street Defections

The Huffington Post | Zach Carter | Posted 11.02.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) on Monday warned House Democrats to oppose a series of GOP-backed bills designed to roll back the 2010 ...

The Banking Industry's Transparent Attempt To Weaken The CFPB

Sen. Elizabeth Warren | Posted 10.21.2015 | Politics
Sen. Elizabeth Warren

Votes over the CFPB present the same choice today that they always have -- a choice between big banks and predatory lenders on one side and families on the other. It's time to say no to the big banks and no to their lobbyists, their lawyers and their Republican friends in Congress.

Hillary Clinton's Wall Street Reform Plan Is A Rebuke To The Obama Administration

The Huffington Post | Zach Carter | Posted 10.08.2015 | Politics

WASHINGTON -- Hillary Clinton on Thursday detailed her plans to crack down on risky Wall Street behavior, delivering a sharp rebuke to the Obama admi...

House Democrats Joining GOP Attack On Elizabeth Warren's Agency

The Huffington Post | Zach Carter | Posted 10.01.2015 | Politics

  UPDATE: After pressure from Rep. Maxine Waters (D-Calif.), Sen. Elizabeth Warren (D-Mass.) and former House Financial Services Committee Chair...

5 Reasons Why We Are Waiting Longer to Buy Our First Home

MoneyTips | Posted 09.14.2015 | Business

The housing market has been slow to recover from the Great Recession, and one of the main reasons why is the lack of first-time homebuyers. Millennials are more likely to rent for a longer time before purchasing a home or conclude that home ownership just is not worth the expense.

Why Social Security's Complexity is a Strength, Not a Weakness.

Paul Solman | Posted 08.29.2015 | Politics
Paul Solman

Dodd-Frank. ObamaCare. And most recently, Social Security, on the occasion of its 80th birthday this month. All have been blasted of late, if not since inception. And in each case, the charge is the same: Complexity.

How SEC Chair Mary Jo White Gave Congolese Warlords Some Unexpected Help

The Huffington Post | Zach Carter | Posted 08.21.2015 | Politics

WASHINGTON -- Warlords in the Democratic Republic of Congo got some help from two conservative judges on Tuesday, when a federal appeals court for th...

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.

Obama Administration Rails Against GOP Bill To Deregulate Wall Street

The Huffington Post | Zach Carter | Posted 08.05.2015 | Politics

WASHINGTON -- The Obama administration on Wednesday came out swinging against a bill that would hold funding for bank regulators hostage by tying it ...

SEC Finally Approves Rule On CEO Pay

The Huffington Post | Zach Carter | Posted 08.05.2015 | Politics

WASHINGTON -- The Securities and Exchange Commission on Wednesday approved a rule requiring companies to the reveal the discrepancy between what thei...

Payday Lender Sued For Allegedly Threatening Consumers

The Huffington Post | Jacob Kerr | Posted 08.04.2015 | Business

The Consumer Financial Protection Bureau filed a lawsuit against an offshore payday lender on Tuesday. The bureau alleges that NDG Enterprise il...

Republican Senate Banking Chair to DOJ: Prosecute Bankers

Lauren Windsor | Posted 07.30.2015 | Politics
Lauren Windsor

This reporter asked Sen. Shelby whether he supports prosecuting criminal bankers and regulating the very derivatives that inflicted so much damage on his home state. Watch Shelby answer these questions in the video below.

GOP: Deregulate Wall Street, Or The Roman Empire Will Fall

The Huffington Post | Zach Carter | Posted 08.06.2015 | Politics

WASHINGTON -- With Democrats already within the very walls of the U.S. Capitol and financial reform taking hold in the provinces, congressional Repub...

Republicans Gut Wall Street Reforms In Must-Pass Spending Bill

The Huffington Post | Jennifer Bendery | Posted 07.23.2015 | Politics

WASHINGTON -- The Senate Appropriations Committee voted Thursday to pass a $20.6 billion spending bill that would decimate President Barack Obama's s...

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

Heather Gautney | Posted 07.22.2015 | 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 07.22.2015 | 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 07.21.2015 | 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.

Happy 5th Birthday, Dodd-Frank

Richard Trumka | Posted 07.21.2015 | Politics
Richard Trumka

On this fifth anniversary of the Dodd-Frank Act, I wish I was writing a congratulatory letter to all the regulatory agencies in Washington, D.C. for its successful implementation. Instead, I'm expressing the frustration of millions of working families who believe there is a lot of work still to be to done to rein in Wall Street excess.