Regulators

Bank Regulators Still Learning To 'Like' Social Media

Reuters | Jason Wallace Suzanne Barlyn | Posted 05.31.2012

Read More: Finra, Social Media, Video, Linkedin, Social Networking, Finance Social Media, Reuters, Finance Industry, Regulators, Sec, Facebook, Business News

By Jason Wallace and Suzanne Barlyn (Reuters) - As the securities industry finally warms up to using social media sites such as Faceboo...

Read Whole Story

Watchdog Chasing After These Speedy Firms

Reuters | Posted 05.22.2012

Read More: High-Frequency Trading, BATS Global Markets Inc, Trading Firms, Insider Trading, Video, Stock Exchanges, Wall Street, Reuters, Regulators, Securities and Exchange Commission, Wall Street Journal, Flash Crash, Business News

March 23 (Reuters) - The U.S. securities watchdog is looking at whether some high-frequency trading firms have used their close links to computerise...

Read Whole Story

Some Of Those Car Dealer Ads May Be Too Good To Be True

AP | JENNIFER C. KERR | Posted 05.14.2012

Read More: Video, Advertising, Consumer Protection Bureau, Regulators, Frank Myers AutoMaxx LLC, Key Hyundai, Federal Trade Commission, False Advertising, Billion Auto Inc., Auto Industry, Car Dealers, Auto Manufacturers, Business News

WASHINGTON — Beware of car dealer ads that promise to pay off the loan on your trade-in. In a first-of-its-kind case, the Federal Trade Commiss...

Read Whole Story

U.S. Hasn't Used Public Transit Like This For A Long Time

Reuters | Posted 05.12.2012

Read More: Gas Prices, Senate, Mass Transit, Video, Subway, Public Transportation, Reuters, Oil Prices, House Speaker John Boehner, Economic Recovery, Regulators, Commute, Lawmakers, American Public Transportation Association, Business News

WASHINGTON, March 12 (Reuters) - Americans took 10.4 billion trips on public transportation in 2011, the second-highest total since 1957, as gasolin...

Read Whole Story

Republican Financial Regulator Goes Crying To OMB

HuffingtonPost.com | Zach Carter | Posted 03.09.2012

Read More: Conflicts of Interest, Conflict of Interest, Video, Dodd-Frank, Wall Street, Office of Management and Budget, Wall Street Reform, Regulation, Dennis Kelleher, Regulators, Scott O'malia, Commodity Futures Trading Commission, Omb, Cftc, Politics News

WASHINGTON -- In a signal that partisan squabbling in the nation's capital may be reaching new levels of rancor, a key Republican regulator is pursuin...

Read Whole Story

Huh? SEC Spending Millions To Make Cuts

Reuters | Posted 04.30.2012

Read More: Video, Financial Regulators, Booz Allen Hamilton, Reuters, Business News, Regulators, Booz Allen Sec, Securities and Exchange Commission, Securities and Exchange Commission Cuts, Business News

* Booz Allen consulting on SEC back-office reforms * SEC has spent more than $8.5 mln on Booz consultants * SEC's COO sa...

Read Whole Story

MF Global Trustee Pursues Client Funds Held Overseas

Posted 12.21.2011

Read More: European Debt Crisis, Client Funds, Commodity Customer Coalition, Kpmg, Jon Corzine, Video, MF Global, Overseas Markets, Regulators, Commodity Futures Trading Commission, MF Global Holdings Inc, T-Bills, Business News

The U.S. trustee for bankrupt MF Global Holdings Inc is working to recover $700 million of client funds held by the broker's UK affiliate for U.S....

Read Whole Story

Jon Corzine Disputes Notion He Knew About Misused Customer Funds

AP | DANIEL WAGNER and MARCY GORDON | Posted 02.14.2012

Read More: Goldman Sachs Group Inc., Customer Funds, Jon Corzine, Video, Bankruptcy, CME Group Inc, MF Global, House Financial Services Oversight and Investigations Subcommittee, Regulators, U.S. Treasury Security, Federal Reserve Bank of New York, Lawmakers, Commodity Futures Trading Commission, Justice Department, Terrence Duffy, Business News

WASHINGTON — Jon Corzine's three days of testimony on MF Global's collapse offered little to satisfy lawmakers or clients who lost millions when...

Read Whole Story

Citigroup, Deutsche Bank Pay Big To Settle Claims They Misled Credit Unions

AP | Posted 01.14.2012

Read More: Deutsche Bank, Goldman Sachs, JPMorgan Chase, Mortgages, Video, Securities, National Credit Union Administration, Regulators, Ncua, Wall Street Banks, Royal Bank of Scotland, Citigroup, Credit Unions, Business News

WASHINGTON — Citigroup Inc. and Deutsche Bank are agreeing to pay a total of $165.5 million to settle federal regulators' claims that they misle...

Read Whole Story

Regulators Probing Gear Shift Trouble With GM Cars

AP | TOM KRISHER | Posted 01.14.2012

Read More: Automakers, Gear Shift, General Motors, Saturn Cars, Gm, Regulation, Regulators, Federal Regulators, Federal Highway Safety Agency, Federal Highway Administration, American Auto Industry, Detroit News

DETROIT — Federal safety regulators are investigating problems with the automatic shift levers on several General Motors cars because drivers ma...

Read Whole Story

U.S. Works To Safeguard Itself From European Debt Crisis

Posted 11.14.2011

Read More: European Debt Crisis, JPMorgan Chase, Sovereign Debt, Video, U.S. Financial Institutions, Wall Street, MF Global, U.S. Treasury, Financial Crisis, Euro Zone Creditors, Regulators, Contingency Plans, Contagion, Financial Stability Oversight Council, Business News

(David Lawder and Glenn Somerville) - The United States is ramping up attempts to safeguard its financial system from a worsening of Europe's debt...

Read Whole Story

Seriously Delinquent Mortgages Again On The Rise

Posted 11.29.2011

Read More: Job Losses, Video, Office of the Comptroller of the Currency, Financial Crisis, Homeowners, Foreclosure, Regulators, Delinquency Rate, Mortgage Payments, Business News

WASHINGTON - Borrowers are making their mortgage payments on time more frequently compared to a year ago, but delinquency rates remain elevated as...

Read Whole Story

Ex-Trader Admits To Threatening To Kill Financial Regulators

Posted 09.17.2011

Read More: Civil Service, Attempted Murder, Regulators, Death Threats, Wall Street, Securities and Exchange Commission, Commodity Futures Trading Commission, Business News

NEW YORK (Jennifer Golson) - A former commodities trader pleaded guilty on Monday to threatening to kill more than 40 financial regulators, includ...

Read Whole Story

Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 09.05.2011

Read More: The Financial Services Roundtable, JPMorgan Chase, Goldman Sachs, Wall Street Executives, Fdic, Morgan Stanley, 2010 Dodd-Frank Financial Oversight Law, Office of Thrift Supervision Director, The Clearing House, Federal Deposit Insurance Corp, Comptroller of the Currency, Banks, Regulators, American International Group, Executives Compensation, American Bankers Association, Business News

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...

Read Whole Story

Roundup: Scientists Say World's Top-Selling Weedkiller Causes Birth Defects

HuffingtonPost.com | Lucia Graves | Posted 08.24.2011

Read More: Farming, Pesticides, Herbicide, European Commission, Agriculture, Epa, Environment, Food Safety, Birth Defects, Regulators, Usda, Monsanto, Green News

WASHINGTON -- The chemical at the heart of the planet’s most widely used herbicide -- Roundup weedkiller, used in farms and gardens across the U.S. ...

Read Whole Story

Effective Housing Reform Requires Mortgage Lenders Retain Risk: Official

Posted 08.24.2011

Read More: Mortgage Lenders, Risk Retention, Financial Reform, Center for Responsible Lending, Wall Street Reform, Federal Reserve, Housing Finance, Regulators, Underwriting, Jeffrey Goldstein, Dodd Frank, Business News

WASHINGTON - Regulators want to ensure mortgage lenders retain some of the risk on loans they originate, as it is crucial to strengthen the housin...

Read Whole Story

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011

Read More: Credit Suisse Group AG, Citigroup Inc., Goldman Sachs Group Inc., Barclays Plc, Embeds, Morgan Stanley, Bank of America Corp., J.P. Morgan Chase & Co., Office of the Comptroller of the Currency, Lloyd C. Blankfein, Wall Street Banks, Regulators, Bank of New York Mellon Corp., Federal Reserve Bank of New York, Deutsche Bank AG, UBS AG, Business News

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

Read Whole Story

FDIC Chair 'Very Concerned' EU Banking System Could Destabilize Global Economy

Posted 08.16.2011

Read More: Overexposure, Regulators, Fdic, Sheila Bair, European Banking System, Federal Deposit Insurance Corporation, Financial Reform, House Financial Services Committee, Business News

A top bank regulator said she is "very concerned" the European banking system has the potential to become a future source of financial instability...

Read Whole Story

Regulators Knew World's Best-Selling Herbicide Causes Birth Defects

HuffingtonPost.com | Lucia Graves | Posted 08.07.2011

Read More: Farming, Secretary of Agriculture Tom Vilsack, Monosanto, European Commission, Green, Food Safety, Regulators, Birth Defects, Evnironment, Glyphosate, Green News

WASHINGTON -- Industry regulators have known for years that Roundup, the world's best-selling herbicide produced by U.S. company Monsanto, causes birt...

Read Whole Story

Walmart Headed To South Africa

AP | DONNA BRYSON | Posted 07.31.2011

Read More: Union Workers, Congress of South African Trade Unions, Walmart, Regulators, Walmart Africa, Government Officials, Wal-Mart, Walmart South Africa, Business News

JOHANNESBURG — Regulators approved Wal-Mart's 17 billion rand (about $2.4 billion) bid to buy a controlling share of a South African chain in a ...

Read Whole Story

Fed Chairman: Big Banks Need 'More-Stringent' Rules

Posted 07.11.2011

Read More: Congressional Testimony, Wall Street Reform, Federal Reserve, U.S. Central Bank, Regulators, Federal Reserve Chairman Ben Bernanke, Financial Firms, Business News

WASHINGTON - Larger financial firms should face more onerous regulatory requirements to make sure they can withstand turbulence in economy or cred...

Read Whole Story

In Fine Print, Banks Require Struggling Homeowners To Waive Rights

ProPublica | Paul Kiel | Posted 07.09.2011

Read More: National Consumer Law Center Homeowners, Waiver Clauses, Robo-Signers, Mortgage Servicers, Regulators, Foreclosure, New York State Banking Department, Modifications, Business News

A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mor...

Read Whole Story

Banks Want Speed On New Rules, Delay On Implementation

Posted 07.02.2011

Read More: Morgan Stanley, Jpmorgan, Dodd-Frank Reform Law, Mirant Corp, Sec, Wall Street Banks, Regulators, Scott O'malia, Securities and Exchange Commission, Cftc, CME Group, Business News

WASHINGTON (Christopher Doering) - Wall Street banks and major market players will deliver a mixed message to U.S. regulators at a meeting this we...

Read Whole Story

Shareholder Sues Citigroup For Shoddy Mortgage Practices

Posted 06.20.2011

Read More: Foreclosure Crisis, Shareholders, Citigroup Inc, U.S. Treasury Secretary Robert Rubin, Mortgage Crisis, Banks, Regulators, Fiduciary Duty, Michael Brautigam, Lawsuit, Business News

WILMINGTON, Delaware - The board of Citigroup Inc was sued by an individual shareholder for the damage done to the bank by years of shoddy mortgag...

Read Whole Story

Debtors' Prison in 2011

Wall Street Journal | JESSICA SILVER-GREENBERG | Posted 05.25.2011

Read More: Debt, Sue, Capital One, Debtors' Prison, Judges, Debt Collection Industry, Ftc, Borrowers, Regulators, Encore Capital Group, Federal Trade Commission, Lawmakers, Arrest Warrants, Business News

Some lawmakers, judges and regulators are trying to rein in the U.S. debt-collection industry's use of arrest warrants to recoup money owed by borrowe...

Read Whole Story