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Financial Regulation

To Break 'Em Up, or Not to Break 'Em Up, That Is the (Wrong) Question

John Fullerton | Posted 05.24.2016 | Business
John Fullerton

Bernie says the banks are too powerful so we need to break them up and reinstitute Glass-Steagall, the depression era legislation that separates high-risk investment banking from staid commercial banking.

Why Suing Your Bank Could Help Others Avoid Being Ripped Off

The Huffington Post | Shahien Nasiripour | Posted 05.06.2016 | Business

A new proposal by the nation's chief consumer watchdog could help government regulators and prosecutors stop big banks' dubious practices more quickly...

Pocket Einstein: Managing Your Finances in the 21st Century

Tilman Ehrbeck | Posted 03.22.2016 | Technology
Tilman Ehrbeck

Financial services are central to people's lives. They are needed to better manage day-to-day affairs, and they are crucial to protect from downside risks and to capture long-term opportunities. Traditional financial services have left too many working families behind.

Why Bitcoin Is Not Regulated

John Rampton | Posted 03.15.2016 | Business
John Rampton

A Cryptocoins News article reported on a current legal battle being duked out in a California court illustrates just some of the many challenges invol...

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.

Time Bomb Still Ticking in Chinese Financial Markets

Hersh Shefrin | Posted 02.24.2016 | World
Hersh Shefrin

China's mishandling of its financial markets continues to reverberate through its own economy and global financial markets.

Why We Should Care About Financial Inclusion

Terri Friedline, PhD | Posted 02.11.2016 | Business
Terri Friedline, PhD

The majority of US households--57%--are struggling, meaning that most of us are barely keeping up with our day-to-day expenses, let alone investing in our futures.

Last Chance for Justice

Phil Angelides | Posted 02.07.2016 | Politics
Phil Angelides

The Federal Housing Finance Agency and DOJ have obtained more than $36 billion in fines from 18 major financial institutions, including banks like JP Morgan and Bank of America. However, stunningly, not one individual has been indicted or charged civilly for the conduct that resulted in these massive fines.

A Case for the Freedom to Disrupt

Mark Curry | Posted 01.25.2016 | Business
Mark Curry

We live in an increasingly connected society, filled with new opportunities to develop and incorporate technologies that connect us with the world and...

Why Bernie Sanders Wants To Make Credit Rating Agencies Into Nonprofits

The Huffington Post | Ben Walsh | Posted 01.07.2016 | Business

Bernie Sanders' financial reform plan is chock-full of clear goals, even if it's not always clear whether he can actually achieve them. He wants to br...

Why Banks Need To Be More Upfront About Climate Risk

The Huffington Post | Ben Walsh | Posted 12.04.2015 | Business

Banks can't fully think about risk without thinking about climate change. And banks that don't properly consider risk are failing their customers, cli...

How the Government Can Spur Innovation in Marketplace Lending

CommonBond | Posted 11.17.2015 | Business
CommonBond

A federal government credit facility, which responsible marketplace lenders could tap into at a low cost, can help facilitate even stronger products for consumers. A fairer system where banks and marketplace lenders play by the same rules would emerge. A lower cost of capital for marketplace lenders means borrowers will receive better rates.

The Lessons of Repealing Glass Steagall

Dennis M. Kelleher | Posted 11.11.2015 | Business
Dennis M. Kelleher

Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.

These Democrats Are Doing Wall Street's Bidding

Micah Hauptman | Posted 11.09.2015 | Politics
Micah Hauptman

Most Democrats appear to see through the industry's cynical ploy and fully understand that it is spending these vast sums out of pure self-interest, not out of genuine concern for low- and moderate-income families. However, some Democrats want to stop the rulemaking.

5 Principles to Restore Trust in Banking

Keith Mestrich | Posted 11.04.2015 | Impact
Keith Mestrich

In today's America, bankers are often seen as uncaring, and media portrayals reflect a view that banks put hardworking people on the streets. Our industry, which should be a key part of helping people achieve their economic and financial goals, has lost consumer trust.

Glass-Steagall's Political Firewall

Adam Levitin | Posted 10.27.2015 | Politics
Adam Levitin

Until the political importance of Glass-Steagall is recognized, financial reform is doomed. Captured regulators will implement milquetoast versions of reform laws, and Congress will entertain amendments to slowly repeal the reforms.

How To Encourage Firms to Invest for the Long-Term

Alex Edmans | Posted 09.11.2015 | Business
Alex Edmans

The problem of short-termism is systemic. Managers will only invest for the long-term if investors evaluate companies based on their long-term value. But, investors will only gather long-term information if they can use such information - which requires them to have the freedom to trade on it in the short-term.

Elizabeth Warren: New Chat System Lets Banks Avoid Regulation With "A Wink And A Nod"

The Huffington Post | Ben Walsh | Posted 08.10.2015 | Politics

A new chat system being backed by a number of banks offers an end run around stricter compliance and government oversight, Sen. Elizabeth Warren (D-Ma...

What Are U.S. Bank Examiners Most Concerned About?

Mary Ellen Biery | Posted 08.04.2015 | Business
Mary Ellen Biery

Bank and credit union examiners are especially scrutinizing the quality of financial institutions' assets and their sensitivity to market risk, according to a recent survey of institutions that have recently undergone routine federal examinations.

Why You Need to Add Third Parties Into Your Business Resiliency Equation

Tom Garrubba | Posted 07.09.2015 | Business
Tom Garrubba

You'll never know where the next "hit" is going to come from, but if or when it does, the efforts brought into it should certainly pay off.

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.

IPO for All or How to Create Your Own Currency

Victoria Silchenko | Posted 06.26.2015 | Business
Victoria Silchenko

Okay, let me state upfront that I am completely biased when it comes to running a compelling business: for I believe if you happen to live in the 21st century, your company's stock should be worth money, and you should be able to turn around and sell it.

Ben Walsh

Elizabeth Warren Has A New 'Sheriff Of Wall Street' In Mind

HuffingtonPost.com | Ben Walsh | Posted 06.18.2015 | Politics

Sen. Elizabeth Warren (D-Mass.) is privately urging New York Gov. Andrew Cuomo (D) to replace the head of the New York Department of Financial Service...

Ben Walsh

Former AIG CEO Wins Case Against Government Bailout, But Won't Get Damages

HuffingtonPost.com | Ben Walsh | Posted 06.15.2015 | Business

Hank Greenberg wasn't happy with his multibillion-dollar government bailout. He wanted more.

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.