US House committee sets fees on big firms and calls for audit of secretive Federal Reserve Taking aim at Wall Street and the ...
DODD'S REFORM PLAN Senator Christopher Dodd (D-Conn.), head of the Banking Committee, staked out a tough position on Nov. 10 when he unveiled ...
WASHINGTON - NOVEMBER 18: Senate Majority Leader Harry Reid (D-NV) announces that Senate Democrats unveiled their healthcare proposal while caucusing at the U.S. Capitol November 18, 2009 in Washington DC. The U.S. Senate could hold their first test vote on the package ...
WASHINGTON (Reuters) - The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated. More than a year since the collapse ...
WASHINGTON (Reuters) - U.S. Senate Republican Leader Mitch McConnell said on Tuesday that a Democratic bill to revamp regulation of the financial industry must be revised to win support from his side of the political aisle. "It's a long way from being ...
WASHINGTON (Reuters) - The Obama administration on Friday pushed back against a proposal in the U.S. Senate to create a single bank super-regulator and strip the Federal Reserve of its supervisory powers. U.S. Deputy Treasury Neal Wolin firmly backed the Fed as ...
WASHINGTON (Reuters) - The U.S. Federal Reserve is best equipped to supervise the largest, most complex firms, a top U.S. Treasury official said on Friday. "No regulator had a perfect record leading up to the crisis," Deputy Secretary Neal Wolin said in ...
WASHINGTON - NOVEMBER 10: Senate Banking Committee Chairman Christopher Dodd (D-CT) talks about his proposed financial reform legislation during a news conference at the U.S. Capitol November 10, 2009 in Washington, DC. Dodd said the legislation will give government new authority to ...
Eliminates two regulatory agencies Senate Banking Committee Chairman Christopher Dodd (D-CT) has proposed legislation that would create a Consumer Financial Protection Agency, removing much of the regulatory authority in that area from the Federal Reserve and Federal Deposit Insurance Corporation. Similar legislation ...
WASHINGTON (Reuters) - Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections. Senator Christopher Dodd, who is fighting for his political ...
WASHINGTON (Reuters) - A Senate proposal to create a federal super cop to police banks faces formidable opposition from the industry, current regulators and a senior House lawmaker who recently blasted the idea. Christopher Dodd, chairman of the Senate Banking Committee, unveiled ...
Along with scarce vaccine and shrinking stocks of antivirals, the United States faces another enemy in the fight against swine flu: workers who go to work when they're ill because they don't get paid sick leave. The A(H1N1) virus "is causing an ...
