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Financial Regulation

How the Government Can Spur Innovation in Marketplace Lending

CommonBond | Posted 11.17.2015 | Business

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 | 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 | 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 | 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 | 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 | 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 | 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 | 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...