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House Financial Services Committee

House Ethics Office Demands Lobbyists Disclose Fundraising Data On GOP, Democratic Lawmakers

The Hill | Bob Cusack and Susan Crabtree | Posted 05.25.2011 | Politics

A House ethics office is demanding fundraising information from lobbyists on five Republicans and three Democrats, according to a document obtained by...

Shahien Nasiripour

Bank of America Now Supports Cramdown, Giving Judges Authority To Modify Home Mortgages (VIDEO) | Shahien Nasiripour | Posted 05.25.2011 | Business

Updated at 7:10 p.m. with new information. Bank of America, the nation's largest lender and its biggest bank by assets, now supports changing the la...

The Banking Showdown

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

Later this week, members of both houses of Congress will meet in the final legislative push for financial reform. Much of the conference will be in public session but backroom deals are likely to determine the final outcome.

Financial Sector Lobbyists Push For Last Minute Bill Loopholes

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — In a rare defeat for President Barack Obama, the Senate on Monday called for auto dealers to be excluded from the regulations of a ...

Senators Near Agreement On $50 Billion Fund To Wind Down Failing Financial Firms

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Senate leaders are nearing agreement on the creation of a $50 billion resolution fund to finance the termination of failing financial firms, Bloomberg...

Update: Payday Lobby Turns to the Senate

Keith Epstein | Posted 05.25.2011 | Business
Keith Epstein

Fresh signs surfaced today of the influential payday loan industry's muscle in Washington, where lenders' attempts to stay out of the reach of federal...

The Wages of De-Regulation

Stanley Kutler | Posted 05.25.2011 | Politics
Stanley Kutler

The Toyota imbroglio further underlines the need for reform, and the road to reform is effective regulation. The rush to de-regulate has been costly; consumers have suffered, and the passion for "small government" has resulted in huge deficits.

Profiting From Recession, Payday Lenders Spend Big To Fight Regulation

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

The influential $42 billion-a-year payday lending industry, thriving from a surge in emergency loans to people struggling through the recession, is po...

Barney Frank: SEC Should Make Banks Disclose Pay of Top Employees, Frank Says | Jesse Westbrook | Posted 05.25.2011 | Business

Feb. 2 (Bloomberg) -- U.S. Representative Barney Frank said regulators should force companies to disclose compensation for their best-paid employees, ...

Meaningful Financial Regulation

Steven P. Croley | Posted 05.25.2011 | Business
Steven P. Croley

An efficacious CFPA certainly must have budgetary independence. The CFPA should be funded by small assessments against regulated entities, and not depend on the budgetary grace of a parent agency.

Volcker Rule That Limits Banks' Proprietary Trading Is Unlikely To Move Forward In Senate

Posted 05.25.2011 | Politics

"A proposal by former Federal Reserve Chairman Paul Volcker to limit bank's proprietary trading will be either be dropped or significantly modified in...

Ryan Grim

Dodd Opposes Fed Audit | Ryan Grim | Posted 05.25.2011 | Business

Senate Banking Committee Chairman Chris Dodd opposes including a provision to audit the Federal Reserve in the Senate's regulatory reform package, the...

Joseph Stiglitz Testimony: Banks Have Failed 'Their Societal Mission'

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

In his testimony about compensation in the financial industry this morning, Columbia University economist Joseph Stiglitz told the House Financial Ser...

House Committee Votes For New Regulations For Ratings Agencies

AP | ANNE FLAHERTY | Posted 05.25.2011 | Business

WASHINGTON — A House committee voted Wednesday to set new rules for investment rating agencies, which lawmakers say misled investors by giving h...

Car Dealers Exempt From New Consumer Protection Agency

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

The House Financial Services Committee approved a key amendment Thursday, 47-21, to keep automobile dealers exempt them from a new government consumer protection agency.

House Financial Regulatory Reform Bill Passes

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off...

Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 05.25.2011 | Business

As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But mos...

Ryan Grim, Naomi Klein Discuss 'Audit The Fed' Bill On MSNBC

Posted 05.25.2011 | Politics

The Huffington Post's Ryan Grim appeared on MSNBC's "Morning Meeting" Thursday, alongside author Naomi Klein, to discuss the Ron Paul/Alan Grayson bil...

Will We Curb Wall Street's Casino?

Robert L. Borosage | Posted 05.25.2011 | Business
Robert L. Borosage

Today, the House will begin marking up the first legislation to try to reform Wall Street. If you think the health insurance companies are packing heat, wait till you see the firepower the banks will unleash to frustrate reform.

Derivatives | William Greider | Posted 05.25.2011 | Business

The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely t...

Dylan Ratigan Outlines The 4 Steps To Fix The Banks (VIDEO)

The Huffington Post | Posted 05.25.2011 | Politics

On Wednesday morning on MSNBC's Morning Meeting, Dylan Ratigan railed against the current debate in the House Financial Services Committee about syste...

An Object Lesson In Governmental Failure: Derivatives Reform

Harpers | Ken Silverstein | Posted 05.25.2011 | Business

If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last Octobe...

Wall Street Follies: The Next Act

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Politics

It certainly sounded good. Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, t...

Ryan Grim and Arthur Delaney

The Cash Committee: How Wall Street Wins On The Hill | Ryan Grim and Arthur Delaney | Posted 07.11.2013 | Politics

The question was simple: Should the lending practices of auto dealers be regulated? It was already October and the 42 Democrats and 29 Republicans ...

House Panel Says States Can Protect Consumers

AP | ANNE FLAHERTY | Posted 05.25.2011 | Politics

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