Big banks squawk about Basel Committee reforms Ira Teinowitz (The Deal) August 30, 2011 “Big bank holding companies and financial groups are criticizing the Basel Committee’s attempt to toughen capital standards for banks under Basel III, as well as a requirement that global systemically important banks
Americans for Financial Reform (AFR) hosted a conference call with reporters and bloggers on Thursday, September 1, 2011 to discuss problems in the oversight of the major credit rating agencies and ways to achieve better ratings agency accountability under the Dodd Frank Act.
Financial Regulation Lags After Dodd-Frank Fox Business July 25, 2011 — Several new financial regulations that cover the mortgage market, the epicenter of the financial crisis, were among the first to undergo rule-making. Mortgage originators now must make sure that a borrower has the ability
Financial Reform, One Year Later Michael Krasny (KQED – San Francisco) July 25, 2011 ―Lax investment regulations and bad home loans are blamed for sparking the nation’s deepest recession in decades. In response, lawmakers Barney Frank, Chris Dodd and others introduced the Dodd-Frank Wall Street
Dodd-Frank Can’t Be the End of the Story New Deal2.0 (Roosevelt Institute) July 21, 2011 ―One year after the passage of Dodd-Frank, Roosevelt Institute Fellow Mike Konczal invited experts and those on the front lines to weigh in on what‘s happened so far and what‘s
Consumer Bureau Finds Support on Its First Day Ben Protess (NYT/Dealbook) July 21, 2011 The Consumer Financial Protection Bureau formally opened for business on Thursday, much to the consternation of Congressional Republicans. But as conservative lawmakers step up their attacks on the new regulator, aiming
Editorial – Consumer watchdog Toledo Blade editorial July 21, 2011 ―The choice of former Attorney General Richard Cordray to head the federal Consumer Financial Protection Bureau could add some bite to President Obama’s promise to protect consumers against unscrupulous lenders. That is, unless Senate Republicans
Dodd-Frank rules slowly kick into consumers’ lives Dorothy Zhang (Medill News Service) July 21, 2011 ―The Dodd-Frank law is slowly kicking into U.S. consumers‘ lives, one year after the most sweeping U.S. financial regulation since the Great Depression was enacted. … The cap on swipe
Majority Of Americans Support Strong Consumer Protection Agency: Poll James Sunshine (Huffington Post) July 21, 2011 ―As of Thursday, the Consumer Financial Protection Bureau is open for business. And many Americans have already expressed their support. The poll, sponsored by the AARP, Americans for Financial
Huffpost Hill – Congress Still Targeting Olds Huffington Post July 20, 2011 “OCC Still a Sick Joke Masquerading as a Federal Agency – Remember when all those state regulators wanted to crack down on predatory lending in, like, 2004? And remember when the OCC stepped