Three years ago, a provision in the Dodd-Frank financial reform law said the companies themselves have to reveal the difference between worker pay and CEO pay. That reform still hasn't been implemented. And now the CEOs' lobbyists are pressuring House Republicans to repeal it.
Did the London Whale revelations result in protections for bank customers -- and their federal insurers -- from this kind of gambling?
As the regulations created by Dodd-Frank are chipped away, many are asking why the federal government is unable to enforce banking reforms even after the worst financial crisis since the Great Depression.
The Dodd-Frank rulemaking process, now in its fourth year, has been so long, wonky and arcane that it has entirely lost the interest of the public and the press -- as perhaps was the plan of its detractors.
The rules on stay-at-home parents' access to credit have been reversed twice in the past four years but without much media attention along the way, despite the fundamental impact of the reversals on stay-at-home parents' ability to open a card in their names or to extend their credit lines.
All these men are honorable. None has broken any law. But they and their ilk in congress -- the Democrats who are now rolling back Dodd-Frank -- don't seem to appreciate the extent to which Wall Street has harmed, and continues to harm, America.
WASHINGTON -- Republicans at a House subcommittee hearing this week objected to a 2010 law that targets conflict minerals from Central Africa, saying ...
Sen. Elizabeth Warren (D-Mass.) grilled Treasury Secretary Jack Lew at a Senate Banking, Housing and Urban Affairs Committee hearing on Tuesday, press...
Senator Harry Reid has hinted that he might in the next few days use the nuclear option to secure the confirmation of Richard Cordray as Director of the CFPB.
"Big Banks Push Against Tighter Rules," says the headline in this piece from the Wall Street Journal. 'Twas ever thus, but now, "big banks" are doing ...
To do their job properly, financial regulators -- the people in charge of securing our economic future -- must understand how their policies affect these communities. And that's why we desperately need people of color in these positions.
WASHINGTON -- Just one day after Treasury Secretary Jack Lew wrote a letter urging lawmakers to reject a slate of Wall Street deregulation measures, n...
Hours after announcing that he's considering a lawsuit against some of America's biggest banks, New York Attorney General Eric Schneiderman affirmed h...
Although well-understood as a key element in D.C.-dysfunction, it is not so widely appreciated just how destructive the filibuster, as abused by the Republicans, has been.
Perhaps the genes run in the family. Supreme Court Justice Antonin Scalia is a household name in Washington, but his son Eugene Scalia is not too f...
WASHINGTON -- Sen. Sherrod Brown (D-Ohio) said Thursday that President Barack Obama and the U.S. Treasury Department were "wrong" to claim that the 20...
Let's face it. The biggest bank regulator in the U.S. is an abject failure. Worse, it's costing us oodles of money, and not just from bounced checks.
In the post-Dodd-Frank world, transparency should not be thwarted, access to immediately free market data should not be reduced, and retail investors should not have less protections.
There will be no more $700 billion taxpayer bailouts. So where will the banks get the money in the next crisis? It seems the plan has just been revealed in the new bail-in policies.
WASHINGTON -- Momentum to break up the nation's largest banks is building quickly on Capitol Hill, just weeks after a unanimous, symbolic vote in the ...
CEOs are living the good life. On the company’s dime. America's 100 best-paid corporate chiefs got an 18.7 percent boost in their perks packages...
WASHINGTON -- The recent Wall Street deregulation push in Congress has been fueled by a significant disparity in campaign donations from big banks: Me...
No longer is financial performance the only metric by which a company is to be measured. Relevant in the mix of information when making an investment decision is the extent to which a company exhibits social responsibility.
A funny thing, wonderful in its own small way, happened last week. The Senate voted 99-0 in favor of an amendment to end subsidies to too-big-to-fail financial institutions. This vote is a harbinger of things to come -- if the public keeps ratcheting up pressure.
Unless Americans step up the way Cypriots did and demand real regulation, as well as send the message that they don't trust Wall Street by moving their money to community banks and credit unions, they can bank on being bilked. Again.
