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Dodd Frank

Yellen Is the Man for the Job

Megan Beyer | Posted 11.11.2013 | Business
Megan Beyer

It is clear -- three years after the bill's passage -- the agencies are still far from compliance on at least one aspect of the bill. Dodd-Frank mandates that agencies create workplaces with a more reasonable gender balance.

Zach Carter

Looks Like Larry Summers Nomination Doesn't Appeal To Religious Groups, Either | Zach Carter | Posted 09.05.2013 | Politics

WASHINGTON -- A coalition of 60 national and local religious organizations sent a letter to President Barack Obama on Wednesday urging him to appoint ...

QM-QE=DQ? How the New Reality in the Post-Dodd-Frank Mortgage Market Could Put a Big Freeze on Housing

Steve Cinelli | Posted 11.04.2013 | Business
Steve Cinelli

Come this January, new elements of the Dodd-Frank Act will take effect with respect to mortgage lending activities. Unfortunately, the changes on the horizon coupled with Obama's chatter about dissolving Fannie and Freddie may be great talking points, yet the outcomes could be harsh.

Zach Carter

Third Of Richest CEOs Were Getting Paid Taxpayer Dollars | Zach Carter | Posted 08.28.2013 | Politics

WASHINGTON -- More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers...

Shahien Nasiripour

U.S. Faces New Threat From Washington | Shahien Nasiripour | Posted 08.28.2013 | Politics

WASHINGTON -- Regulators overseeing the nation’s largest financial institutions are distrustful of their bosses, afraid to speak out, and feeling is...

Community Banks Are Failing; Pawnshops Are Growing

Tanya D. Marsh | Posted 10.25.2013 | Business
Tanya D. Marsh

Five years after the failure of Lehman Brothers, the mega banks have rebounded, community banks that serve vulnerable niches of American consumers, and which played no role in causing the Financial Crisis, are failing, and non-traditional lenders are expanding.

A Strong Dose of Mo Needed

Rev. Seamus P. Finn, OMI | Posted 10.23.2013 | Business
Rev. Seamus P. Finn, OMI

Slogans and promises alone will not be the solution. We need to get the rules and regulations that respond to real needs and to the needs of communities across the country.

Why Jamie Dimon Should Resign as CEO of JPMorgan Chase

Sanjay Sanghoee | Posted 10.22.2013 | Business
Sanjay Sanghoee

There are simply too many questions about the ethics of this bank and its CEO to be ignored anymore. At the very least, a major house cleaning should be on the agenda to move forward.

Is There a Difference Between a Third World Autocrat and a Wall Street Mogul?

Robert Creamer | Posted 10.22.2013 | Politics
Robert Creamer

For everyday Americans to once again be able to look forward to giving more opportunities to their children than they themselves experienced in life, America must rein in its own kleptocrats on Wall Street and end the descent into economic inequality that threatens our future.

Zach Carter

Consumer Watchdog Finds Mortgage Abuses Still Rampant | Zach Carter | Posted 08.22.2013 | Politics

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financ...

Obama Urges Renewed Focus On Wall Street Reform

AP | JIM KUHNHENN | Posted 08.20.2013 | Politics

WASHINGTON -- Passage of a sweeping overhaul of Wall Street regulations in 2010 was a hallmark of President Barack Obama's first term. Three years lat...

Obama Feels 'Urgency' Over Key Wall Street Reforms

Reuters | Posted 10.19.2013 | Politics

WASHINGTON, Aug 19 (Reuters) - President Barack Obama plans to communicate a "sense of urgency" about finishing new rules for Wall Street when he me...

Obama To Meet With Financial Regulators Over Wall Street Reform Law

Reuters | Posted 10.18.2013 | Politics

By Sarah N. Lynch WASHINGTON, Aug 18 (Reuters) - President Barack Obama will sit down with the leading U.S. financial market regulator...

False Arrest: Does the Revolving Door Make Wall Street Reform Impossible?

Sanjay Sanghoee | Posted 10.13.2013 | Business
Sanjay Sanghoee

Where these people will go after government is hard to predict, but the odds are pretty high that they will return to their corporate, and highly profitable, roots.

Zach Carter

Obama: Larry Summers Would Make Excellent Fed Chair | Zach Carter | Posted 08.09.2013 | Politics

WASHINGTON -- President Barack Obama on Friday pushed back against rumors that his former economic adviser Larry Summers has "the inside track" among ...

Commodities Are Different (in a "Full World"): Part 3

John Fullerton | Posted 09.29.2013 | Business
John Fullerton

Commodity market manipulation is fundamentally different and far more dangerous than the garden-variety manipulation of financial markets such as in single stock pump and dump schemes, or even the brazen manipulation of LIBOR. Nobody eats LIBOR.

Zach Carter

Democrats Worry Obama's Fed Nomination May Skip 'Steady' And 'Right' Economist For Larry Summers | Zach Carter | Posted 07.25.2013 | Politics

WASHINGTON -- Leading Democrats are struggling with the idea that President Barack Obama may actually nominate economist Larry Summers to head the Fed...

America Faces an Ethics Crisis

Gary Shapiro | Posted 09.23.2013 | Politics
Gary Shapiro

Until and unless we confront the ethics behind these legal travesties, we will increasingly hurt our nation. While millions of hard-working, creative Americans, both in and out of government, are sustaining us, the parasites are destroying us.

Want to Revive Glass-Steagall? Try This Wall of Separation Instead

Bill Frezza | Posted 09.22.2013 | Politics
Bill Frezza

A debate is raging on the left, the right, and even in libertarian circles on the best way to escape from the Too-Big-To-Fail quagmire. These days it ...

Shahien Nasiripour

Wall Street Guzzles Millions Off Beer Drinkers, Brewing Company Gripes | Shahien Nasiripour | Posted 07.23.2013 | Politics

The Federal Reserve should toughen oversight of big banks such as Goldman Sachs and JPMorgan Chase due to their negative influence over commodities, i...

Money Rules

Leo W. Gerard | Posted 09.21.2013 | Politics
Leo W. Gerard

Banks are corporations, which are legal entities established under rules written by people. Their existence should advance America and Americans. Not the other way around. Many in Congress need to be reminded of that.

Goldman Sachs, JP Morgan Chase: Pulling an Enron With Commodities

Joseph A. Palermo | Posted 09.20.2013 | Business
Joseph A. Palermo

Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.

Happy Birthday to Dodd-Frank, a Law That Isn't Working

Ted Kaufman | Posted 09.20.2013 | Politics
Ted Kaufman

Failure was built into Dodd-Frank from the beginning. Instead of writing laws that addressed the abuses that led to the crisis, it nearly always kicked the can down to agencies, instructing them to write new regulations.

Shahien Nasiripour

Wall Street's Commodities Profit Threatened As Federal Reserve Launches Review | Shahien Nasiripour | Posted 07.19.2013 | Politics

The Federal Reserve said late Friday it is revisiting a landmark ruling that allowed big banks to enter the lucrative commodities business, raising th...

Preserving Community Banks Should Be Bi-Partisan Priority

Tanya D. Marsh | Posted 09.15.2013 | Business
Tanya D. Marsh

The regulatory framework for financial institutions in the United States, including many provisions of Dodd-Frank, impose significant costs on community banks without providing benefits to consumers or the economy that justify those costs.