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Dodd Frank

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.

Financial Reform 5 Years Later: Promise Unfulfilled

Preeti Vissa | Posted 07.19.2015 | Politics
Preeti Vissa

It's been five years since President Obama signed the Dodd-Frank financial reform act on July 21, 2010, saying the law would "lead all of us to a stronger, more prosperous future." Despite some positive steps, that promise remains largely unfulfilled.

A Lot Should Happen in 5 Years

Mary Jo Kilroy | Posted 07.17.2015 | 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.

The Asinine Arguments Corporations Have Used to Block CEO-Worker Pay Disclosure for 5 Years

Sarah Anderson | Posted 07.16.2015 | Business
Sarah Anderson

When Dodd-Frank turns five years old on July 21, this simple rule will still not be in force. It may be the law of the land, but the SEC has not finalized the regulations to put it into practice.

Incredibly Guilty -- Washington Wants the Loot Back

Bartlett Naylor | Posted 07.16.2015 | Business
Bartlett Naylor

Senior banker pay should be deferred in a pool for 10 years and used to pay penalties for violations such as fraud. Currently, penalties are paid by shareholders, who are hardly accomplices to fraud.

Dodd-Frank Turns Five

Douglas Holtz-Eakin | Posted 07.15.2015 | Business
Douglas Holtz-Eakin

Dodd-Frank turns five years old next week and the occasion merits a review of its success.

History Tells Us That 2016 Will See a Recession

Daniel Wagner | Posted 07.09.2015 | Business
Daniel Wagner

As if a reminder were needed, a variety of asset classes are once again frothy and it feels a lot like 2008.

Is JP Morgan's CEO Banking on Dodd Frank Repeal?

Lauren Windsor | Posted 07.08.2015 | Politics
Lauren Windsor

The finance industry, already enormous by percentage of the economy and corporate profits, and presumably individual banks like JPMorgan, will be getting even bigger if Dimon is right, which begs the question: Is JPMorgan too big to fail?

Dodd-Frank: Five Years After

Stephen G. Cecchetti | Posted 07.13.2015 | 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.