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Financial Regulation

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 10.26.2009 | Business

Read More: Aba, Financial Reform, Lobbyists, Cfpa, Credit Cards, Heather Booth, Americans for Financial Reform, Consumer Financial Protection Agency, Edward L. Yingling, Ed-Yingling, Overdraft Fees, Financial Crisis, Banks, Bank Lobbying, Edward Yingling, Ed Yingling, Financial Regulation, American Bankers Association, Business News

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 ...

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Congressional Fail: Don't Let Congress Take Credit

Harry Moroz | Posted 10.23.2009 | Politics

Read More: Consumer Protection, Credit Cardholders Bill of Rights, Congress, Senator Dodd, Credit Cards, Rep. Maloney, Credit Card Accountability Responsbility and Disclosure Act, Financial Regulation, Politics News
Harry Moroz

Even as consumers suffer the housing crisis and an abysmal job market, they face the prospect of hundreds or even thousands more dollars of credit card debt because of Congress.

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Executive Pay Cuts? Hold the Standing Ovation

Stuart Whatley | Posted 10.24.2009 | Business

Read More: Tarp, Wall Street Bailout, TARP Money, Aig Bonuses, Financial Reform, Bank of America, Aig, Barack Obama, Goldman Sachs, Bailout, Health Care Reform, Financial Crisis, Wall Street Bonuses, Kenneth Feinberg, Financial Regulation, Citigroup, Business News
Stuart Whatley

Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.

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Crash the Bankers' Party in Chicago

Anna Burger | Posted 10.22.2009 | Business

Read More: Greed, Anna Burger, Wall Street, Bailout, Seiu, Chicago, Banks, Financial Regulation, Business News
Anna Burger

If you could get all the architects of the Wall Street scam together in one place, what would you say to them? They'll all be in Chicago this weekend -- and we're headed there to meet them.

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House Panel Says States Can Protect Consumers

AP | ANNE FLAHERTY | Posted 10.22.2009 | Politics

Read More: House of Representatives, Melvin Watt, Consumer Financial Protection Agency, Financial Services Committee, Barney Frank, Banking Crisis, Dennis-Moore, Melissa Bean, Banking Industry, Financial Regulation, House Financial Services Committee, Politics News

WASHINGTON — The House Financial Services Committee agreed Wednesday to ensure states can impose their own tough consumer protection laws agains...

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Jason Linkins

GOP Rep. Tells House Finance Committee That Banks Should "Trump" Consumers

HuffingtonPost.com | Jason Linkins | Posted 10.21.2009 | Business

Read More: Bank Regulation, CFPA Legislation, Jeb Hansarling, Video, Consumer Financial Protection Agency, Derivatives Reform, Financial Crisis, Consumer Protection, Financial Regulation, Business News

Over at the Wonk Room, Pat Garofalo pulls video of Representative Jeb Hansarling (R-Tex.) sitting on the House Financial Services Committee as they ma...

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Bill Supposed To Tighten Rules On Ratings Agencies Has Big Loopholes

McClatchy | Kevin G. Hall | McClatchy Newspapers | Posted 10.21.2009 | Business

Read More: Standard, Moody's Investors Service, Wall Street, Wall Street Regulation, Ratings Agencies, Economy, Economic Crisis, Financial Crisis, Rating Agencies, Global Financial Crisis, Financial Regulation, House Financial Services Committee, Investors, Business News

A key House of Representatives committee is set to vote soon on legislation that would overhaul financial regulation and produce greater transparency ...

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Ryan Grim

Bean Amendment Beaten Back (For Now), A Blow To Wall Street

HuffingtonPost.com | Ryan Grim | Posted 10.19.2009 | Politics

Read More: Consumer Financial Protection Agency, Cfpa, Financial Reform, Financial Crisis, Melissa Bean, Federal Preemption, Brad Miller, Financial Regulation, Politics News

In a major defeat for Wall Street banks, Rep. Melissa Bean (D-Ill.) has decided to withdraw an amendment that divided Democrats as they seek to impose...

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Congress Backs Off on Financial Regulations

Marilyn Barrett | Posted 10.20.2009 | Politics

Read More: Financial Crisis, Financial Meltdown, Financial Regulation, Politics News
Marilyn Barrett

While stories of tragedy and hardship on Main Street continue to multiply, Wall Street is once again persuading Congress to dilute financial regulations proposed by the Obama administration.

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Words From the Wise?

Michael J. Panzner | Posted 10.17.2009 | Business

Read More: Larry Summers, Financial Crisis, Timothy Geithner, Risk Management, Sheila Bair, Financial Regulation, Economy, Business News
Michael J. Panzner

I just got back from The Economist's "Buttonwood Gathering" and thought I'd share a few of the more interesting quotes from the movers-and-shakers at the conference.

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Summers: Banks Must Agree To New Regulation

AP | TALI ARBEL | Posted 10.16.2009 | Business

Read More: Bailout, Consumer Financial Protection Agency, Obama Administration, Regulation, Larry Summers, Financial Regulation, House Financial Services Committee, Business News

NEW YORK — A top White House official called on financial institutions to accept new rules in order to help the economic system avoid future "de...

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Hedge Fund Industry Presses On With New Lobbying Effort

The Huffington Post | Jenna Staul | Posted 10.16.2009 | Business

Read More: Lobbyblog, Lobbying, Hedge Funds, Financial Regulation, Business News

The Boston Globe takes a look at how hedge fund managers are reclaiming some clout in Washington after last year's economic meltdown. The paper repor...

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Michael Hirsh: Barney Frank's Derivatives Bill "Too Hard To Understand"

Newsweek | Michael Hirsh | Posted 10.16.2009 | Business

Read More: Barney Frank Derivatives Bill, Wall Street Regulation, Wall Street, Economy, Financial Services Committee, Too Big to Fail, Barney Frank, Regulatory Reform, Derivatives Trading, Derivatives Bill, Economic Collapse, Too Hard to Understand, Financial Regulation, Business News

Thanks to weeks of intense pressure from Wall Street banks and their customers in corporate America, the bill that was approved on Thursday by Rep. Ba...

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Jason Linkins

Sen. Maria Cantwell Savages Derivative Reform Legislation: "The Treasury Department Should Be Ashamed Of Themselves"

HuffingtonPost.com | Jason Linkins | Posted 10.16.2009 | Business

Read More: Video, Cantwell Derivatives Reform, Financial Reform, Maria Cantwell, Rob Johnson, Cantwell Treasury Department, Derivatives Reform, Economic Crisis, Dylan Ratigan, Financial Regulation, Business News

On today's Morning Meeting, Dylan Ratigan brought on Senator Maria Cantwell (D-Wash.) to discuss the ongoing attempts to achieve a measure of financia...

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Wall Street's Favorite Democrat Misrepresents Financial Watchdog Elizabeth Warren

Mike Elk | Posted 10.15.2009 | Business

Read More: Cfpa, Elizabeth Warren, Wall Street, Melissa Bean, Lisa Madigan, Financial Regulation, Barney Frank, Business News
Mike Elk

Democratic Congresswoman Melissa Bean is earning the title of Wall Street's favorite Democrat. The leader in the New Democrat Coalition has pocketed almost $2.2 million from the banking and financial services interests.

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Financial Reform: How Much Did I Make, and How Much Did They Make?

Richard Seireeni | Posted 10.14.2009 | Business

Read More: Financial Crisis, Financial Regulation, Financial Reform, Business News
Richard Seireeni

What I want to know is how much have I made since I started investing with these guys, not including my contributions over time. How much am I up or down over the life of the account?

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Lobbyists Target House Financial Services Committee Today

The Huffington Post | Jenna Staul | Posted 10.14.2009 | Business

Read More: Financial Service Committee, CFPA Lobbyists, Lobbying CFPA, Consumer Financial Protection Agency, Cfpa, Lobbyblog, Banking Industry, Financial Regulation, House Financial Services Committee, Business News

Lobbyists are honing in today on the House Financial Services Committee, which will begin marking up legislation on the controversial Consumer Financi...

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The Dominance of the Financial Sector Has Become a Mortal Danger to Our Economic Security

Robert Creamer | Posted 10.12.2009 | Politics

Read More: President Obama, Consumer Financial Protection Agency, Financial Sector, Credit Card Regulation, Financial Crisis, Pay Day Loan Industry, Economic Growth, Stock Market, Deriviatives, Breaking News, Financial Regulation, Politics News
Robert Creamer

The financial sector, including the big insurance companies, has morphed into a cancer growing on our economy -- a cancer that could easily strangle our prospects for long-term economic security.

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Barkin' Barney Frank: Where's the Bite?

Les Leopold | Posted 10.09.2009 | Business

Read More: Bailout, George Soros, Derivatives, Economic Crisis, Barney Frank, Warren Buffett, Financial Crisis, Congress, Financial Regulation, Business News
Les Leopold

It appears that Barney Frank has been lobbied so hard that he is willing to exempt nearly all derivatives from regulation if they are "used for risk management purposes." Come on, Barney!

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Financial Reform: Political Will For Change May Be Disappearing

ft.com | Norma Cohen | Posted 10.07.2009 | Business

Read More: Alistair Darling, Financial Reform, Economy, Tim Geithner, Banking Regulation, Imf, g20, Financial Regulation, Business News

As the world's banking system teetered on the brink of collapse just about a year ago, there were widespread, heartfelt, calls for reform. Politici...

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Shahien Nasiripour and Jeff Muskus

Top Republican Calls Proposed Consumer Protection Agency "Fundamentally Flawed"

HuffingtonPost.com | Shahien Nasiripour and Jeff Muskus | Posted 11.30.2009 | Business

Read More: Elizabeth Warren, Consumer Financial Protection Agency, Barney Frank, Cfpa, Financial Crisis, Spencer Bachus, Financial Regulation, Business News

In a move sure to delight bankers, the top Republican on the House Financial Services Committee on Wednesday called the Obama administration's plan fo...

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Will Obama Fight For The Consumer Financial Protection Agency?

Washington Post | Simon Johnson and James Kwak | Posted 11.29.2009 | Politics

Read More: Barney Frank Consumer Financial Protection Agency, Economic Crisis, President Obama, Cfpa, Financial System, Financial Regulation, House Financial Services Committee, Consumer Financial Protection Agency, Financial Meltdown, Geithner Cfpa, Barney Frank Regulatory Reform, Recession. Regulatory Reform Bill, Politics News

The next couple of months will be crucial in determining the shape of the financial system for decades to come. And so far, the signs are not encourag...

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Much Ado About Almost Nothing

Michael Brenner | Posted 11.26.2009 | Politics

Read More: G-20-Financial-Crisis, Obama G-20, G-20 Summit, Financial Regulation, Iran Nuclear Weapons, Binyamin Netanyahu, Politics News
Michael Brenner

That's it, folks -- there ain't no more from the G-20 summit. The blood oaths of November and April to tackle head-on the practices that brought us to the brink of disaster are evidently gone with the wind.

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Popping Bubbles Isn't as Easy as You Would Think

Hale "Bonddad" Stewart | Posted 11.26.2009 | Business

Read More: Federal Reserve, U.S. Economy, Economic Bubble, Financial Regulation, Business News
Hale

The argument is if the Fed had acted more quickly regarding the housing market then the current problems would've been avoided. There's one problem: what's the exact definition of a bubble?

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Regulation? They're Banking on the Status Quo

Rick Horowitz | Posted 11.25.2009 | Politics

Read More: Plain Vanilla, Mortgages, Credit Cards, Hedge Funds, House Banking Committee, Senate Banking Committee, Financial Services Regulation, Barney Frank, Banking Regulation, Christopher Dodd, Richard Shelby, Financial Services Industry, Chris Dodd, Financial Regulation, Politics News
Rick Horowitz

There were those who expected the financial-services industry to slink away in embarrassment after the setbacks of the past year. These people misjudged us.

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