iOS app Android app

Financial Regulation

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.

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.

Ben Walsh

Big Banks Plead Guilty To Market Manipulation, Will Pay $5.8 Billion

HuffingtonPost.com | Ben Walsh | Posted 05.22.2015 | Business

The age of multibillion-dollar bank fines with no admission of wrongdoing is over. The Justice Department announced Wednesday morning that five banks ...

The Mysterious Disappearance of Satoshi Nakamoto, Founder & Creator of Bitcoin

Martin O’Leary | Posted 05.11.2015 | Technology
Martin O’Leary

Just as a true artist lives by his or her art--creating and being remembered through a legacy of masterpieces--Nakamoto's anonymity perfectly mirrors the anonymity of his Bitcoin masterpiece.

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?

Investment Crowdfunding Welcomes the New Crowd

Jorge Newbery | Posted 06.10.2015 | Business
Jorge Newbery

Investment crowdfunding leaders will convene in Chicago next week to welcome the 96% of Americans who until now haven't been able to participate in this innovative new form of investing.

Ben Walsh

Private Equity Firm Threatened To 'Gut' Whistleblower 'Like A Carp,' Lawsuit Claims

HuffingtonPost.com | Ben Walsh | Posted 04.03.2015 | Business

Private equity firm TPG Capital was sued Thursday by its former head of public affairs, who alleges his bosses threatened to ruin his career, fired hi...

Fifty Shades of White: Raising Equity from the Public by Start-ups

Victoria Silchenko | Posted 05.29.2015 | Small Business
Victoria Silchenko

Arming the mid-size companies with a new funding channel might trigger the valuations hike further, imposing the notorious "bubble" the VCs like to talk about. Don't underestimate the power of billboards or TV commercials with investment offerings.

Guess What Happened When JPMorgan's CEO Visited Elizabeth Warren's Office

The Huffington Post | Samantha Lachman | Posted 03.31.2015 | Politics

WASHINGTON -- A meeting between Sen. Elizabeth Warren (D-Mass.) and Jamie Dimon deteriorated almost immediately after the JPMorgan Chase & Co. CEO vi...

Ben Walsh

Consumer Financial Protection Bureau Proposes New Payday Lending Rules

HuffingtonPost.com | Ben Walsh | Posted 03.26.2015 | Business

The Consumer Finance Protection Bureau will consider new rules covering payday loans, agency head Richard Cordray said Thursday in a statement. The pr...

Equity Crowdfunding Is Dead -- Long Live Equity Crowdfunding

Victoria Silchenko | Posted 05.05.2015 | Small Business
Victoria Silchenko

In life, whatever it is we are seeking will not arrive in the form we are expecting. Such is the case with raising equity in a post JOBS Act market -- something that fascinated but at the same time confused many business owners.

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...

Jason Linkins

This Day In Anonymous Sourcery: Area Source Concerned Elizabeth Warren Might Get Mad

HuffingtonPost.com | Jason Linkins | Posted 01.26.2015 | Politics

It's a bit early into 2015, but I think we already have a strong contender for Anonymous Source Of The Year. Our promising entrant appears near the to...

House Votes To Delay Regulations To Protect The Public By Ten Years Or More

Sidney Shapiro | Posted 03.16.2015 | Politics
Sidney Shapiro

We pay, and the corporations who caused the problem have higher profits. The Regulatory Accountability Act is not about government accountability; it's about the allocation of who pays, with taxpayers ultimately footing the bill.

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.

Zach Carter

Jim Himes Thinks Deregulating $100 Billion In Risky Debt Is 'A Tweak

HuffingtonPost.com | Zach Carter | Posted 01.09.2015 | Politics

WASHINGTON -- Rep. Jim Himes (D-Conn.) on Thursday defended an 11-point Wall Street deregulation bill that his own party defeated on the House floor t...

How Austerity Economics Turned Europe Into the Hunger Games

Lynn Parramore | Posted 03.10.2015 | Politics
Lynn Parramore

A nasty strain of austerity capitalism has taken over Europe, leaving broken lives in its wake. Researchers Servaas Storm and C.W.M. Naastepad consider how things got so bad, what role economists and misguided policy-makers have played, and how to change course.

Brinksmanship and the Return of Financial Crisis

Wallace Turbeville | Posted 02.14.2015 | Politics
Wallace Turbeville

A government shutdown once again loomed, and familiar deadlines and ultimatums flew around Washington. And Congress just used the threat to loosen the rules created in the wake of the financial crisis, a victory for Wall Street banks in their constant and well-funded campaign against reform.

Ben Walsh

JPMorgan's $22 Billion Shortfall Is Basically An Illusion

HuffingtonPost.com | Ben Walsh | Posted 12.11.2014 | Business

$22 billion sounds like a lot, but in the context of J.P. Morgan’s hugely profitable business, it’s not a high hurdle for the bank to overcome.

3 Banking Regulations We Can't Let Republicans Take Away

Keith Mestrich | Posted 02.08.2015 | Politics
Keith Mestrich

Republicans have already signaled that one of their first priorities will be to repeal or cripple regulations that are supposed to keep our economy stable, protect Americans' money and jobs, and prevent Wall Street consumer fraud and abuse.

GE and Apple Do It, So Is Offshore Planning Really All That Taboo?

Andre Bourque | Posted 01.31.2015 | Business
Andre Bourque

Offshore accounts have made headlines recently, with 51 global jurisdictions agreeing to automatically share and exchange details of tax data. Included in this agreement is information on offshore accounts and their operational procedures.