Banks divided on loan rules Federal agency pushes ability-to-pay mortgage tenet Carter Dougherty | Bloomberg News “This rule is aimed directly at the core deficiencies in the mortgage market that produced unsustainable loans, an inflated housing market, and resulting widespread economic hardship,” Americans for Financial Reform, a
Cordray divides banks with ability-to-repay loan rule – Carter Dougherty and Clea Benson (Bloomberg News) May 1, 2012 “Richard Cordray wants lenders to adhere to the most basic tenet of banking: making sure borrowers can repay. Getting them to agree on how is proving tougher…
Bankers Assault on Financial Reform -Gerald Epstein: New financial regulations contained in the Dodd-Frank law are being gutted or delayed by regulators and Congress – Transcipt, Paul Jay (The Real News Network) April 30, 2012 “And this kind of bill [H.R. 3336the Small Business Credit
Tea Party Congressmen Accept Cash From Bailed-Out Bankers – Heidi Przybyla and Phil Mattingly (Bloomberg News) April 30, 2012 “Tea Party favorites such as Stephen Fincher of Tennessee were swept into Congress on a wave of anger over government-funded bailouts of banks. Now those incumbents
Credit Default Swaps Made European Debt Crisis Worse: Study – Mark Gongloff (Huffington Post) April 27, 2012 “While many may disagree with the concept that speculation in CDS moves markets, it’s a lot harder to disagree with that. Unless, that is, you are on Wall
Lehman elite stood to get $700 million – Walter Hamilton, Andrew Tangel and Stuart Pfeifer (Los Angeles Times) April 27, 2012 “Less than a year before the 2008 collapse of Lehman Bros. plunged the global economy into a terrifying free fall, the Wall Street firm
House Passes Bill to Exempt Small Banks from Swaps Rules (American Banker) April 25, 2012 “The House on Wednesday easily approved a bill that would provide small banks an exemption from clearing requirements for swaps under the Dodd-Frank Act…The bill was opposed by Americans for
Goldman Sachs under pressure to reveal lobby ties -Ronald D. Orol ( MarketWatch) April 23, 2012 “Public knowledge about the company’s range of advocacy is limited to what’s in its formal disclosures. But Marcus Stanley, policy director at Americans for Financial Reform, said he assumes
Derivatives Lobby Has U.S. Regulators on the Run -Roger Lowenstein (Bloomberg) April 17, 2012 “The derivatives industry is squeezing Washington like a python. Desperate to control the tone and thrust of derivatives regulation, industry lobbyists have been swarming over the Commodity Futures Trading Commission and
Swap Regulators Said to Weigh Dealer Threshold of $8 Billion -Silla Brush (Bloomberg) April 11, 2012 “U.S. derivatives regulators are considering a threshold as high as $8 billion for determining which banks, hedge funds and energy firms are swap dealers under the Dodd-Frank Act, according