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American Bankers Association

Why Romney the Closer Is a Consumer Nightmare

Adam Levin | Posted 12.16.2012 | Business
Adam Levin

Mitt Romney is the poster child of big business expediency, where truth is less important than closing the deal. And if he gets elected we'll see a reprise of the Wild West days that ended in the 2008 crisis.

Troubled County Began Eminent Domain Talks In Secret

Reuters | Posted 09.12.2012 | Business

* San Bernardino began talks with investor group in January * County and Mortgage Resolution Partners agreed not to disclose ...

Disempowered Bankers Start Super PAC, Reveal Plans for World Domination

Blair Bowie | Posted 06.06.2012 | Politics
Blair Bowie

When is Packard imagining himself having this conversation and what will he be asking for to call off the hounds? This statement speaks volumes about how the industry thinks about its involvement in politics.

Dan Froomkin

Auction 2012: How The Bank Lobby Owns Washington

HuffingtonPost.com | Dan Froomkin | Posted 01.30.2012 | Politics

Auction 2012 is a weeklong series in collaboration with "The Dylan Ratigan Show" and United Republic. When Washington puts policy on the auction bl...

Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 09.05.2011 | Business

HuffPost Update: The FDIC approved a rule Wednesday that allows regulators to claw back up to two years of Wall Street executives' pay if they are fou...

Simon Johnson: When Regulators Side With The Regulated

The New York Times | Simon Johnson | Posted 07.19.2011 | Business

The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Trea...

Zach Carter

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

Looking For A Credit Card? It Pays To Be Rich

AP | CANDICE CHOI | Posted 05.25.2011 | Business

NEW YORK — It pays to be rich if you need a credit card. A year after sweeping credit card regulations upended the industry, banks are showerin...

Borrowers Aren't Paying Billions In Home Equity Loans

nytimes.com | DAVID STREITFELD | Posted 05.25.2011 | Business

During the great housing boom, homeowners nationwide borrowed a trillion dollars from banks, using the soaring value of their houses as security. Now ...

Ryan Grim

Wall Street Opposes Wall Street Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Wall Street reform likely got a boost in the eyes of the public on Monday when the major trade association representing big banks came out strongly ag...

Shahien Nasiripour

Bank Lobbyists Fought For Very Thing They're Now Trying To Kill, Says Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Bank lobbyists are fighting to derail a key element of consumer protection which they fought to preserve just four years ago, threatening to kill fina...

Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

$9 million in stock options as a 2009 bonus for Goldman Sachs CEO Lloyd Blankfein is now considered a big concession from Wall Street. Before we all start applauding, let's take another look at what's really happening on Wall Street.

Bank Of America CEO Brian Moynihan Signals Openness To Consumer Protection Agency

Posted 05.25.2011 | Business

Brian Moynihan, Bank of America's new CEO, may not oppose the creation of a federal consumer-protection agency, the Wall Street Journal reports this m...

ABA Protests: National Bankers Convention Draws Protestors From Across The Country

Posted 05.25.2011 | Business

UPDATED 10/26 6:06 Alex Parker attended the event on behalf of the Huffington Post and collected this video. Parker took shots various shots of ...

Ryan Grim

Bank Lobbyists Launch 'Call To Action' To Crush Financial Reform (MEMO)

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

The American Bankers Association issued a "Call to Action" on Wednesday, urging its lobbyists and member banks to make an all-out effort to crush regu...

When Banks Fail, So Do Those Promised CD Rates

Huffington Post Investigative Fund | Keith Epstein | Posted 05.25.2011 | Business

Norma Jean Scott, a 63-year-old Alabama retiree, thought she was being prudent three years ago when she stashed her $100,000 retirement nest egg in a ...

"Showdown In Chicago": Monitor The Latest Via Twitter

Posted 05.25.2011 | Business

As we reported, the American Bankers Association annual convention in Chicago continue to draw significant protests. As the events proceed, we've been...

Is Your Blood Boiling at the Big Bankers? Go to Chicago

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

Have you seen the latest stories about the profits and bonuses of the biggest banks on Wall Street? If you want to do something about it, I'd recommend going to Chicago next week.

Ryan Grim

Moneyed Interests Lining Up For Battle Over Accounting Standards

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

In the midst of what was supposed to be a Congressional push for increased financial regulation and accountability, a powerful coalition of moneyed in...

The American Bankers Association's 15 Minutes of Fame in Chicago

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Like termites, the American Bankers Association does most of its damage in the dark. But the ABA is getting a brief period in the limelight this week as a result of the Showdown in Chicago.

My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 05.25.2011 | Business
Matthew Filipowicz

In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...

Ryan Grim

Shock: American Bankers Association Comes Out Against Bank Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

The American Bankers Association is glad that the House Financial Services Committee made a number of changes to a financial reform package that it re...

News Flash: Lenders Prefer Fragmented Regulation of the Consumer Financial Marketplace

Norman I. Silber | Posted 05.25.2011 | Business
Norman I. Silber

Regulators appear to have placed a higher value on protecting the interests of those who sell financial products than on the interests of consumers of transparent, safe, and fair financial products.

Shahien Nasiripour

Ed Yingling: Banking Industry's Top Defender Got It Wrong Over and Over Again

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

As the American Bankers Association gathers for its annual convention in Chicago amid hundreds of protesters, and sets off to kill or at least defang ...

Happy Holidays from America's Banks

Michael Winship | Posted 05.25.2011 | Business
Michael Winship

Never mind Barack Obama's Audacity of Hope. It's the audacity of the banks that takes your breath away.