The question isn’t whether to regulate the virtual money, but how best to go about it
Financial Regulation
Promontory’s Role In The Dodd-Frank Game
Lobbyists aren’t the only ones affecting financial reform. How one consultant has played a role in the writing and implementation of Dodd-Frank.
Obama Talks TIME’s Wall Street Cover Story on ABC’s This Week
U.S. President Barack Obama told George Stephanopoulos on on ABC’s This Week on Sunday that while he believes “the banking system works,” America isn’t “near where we need to be” in terms of an economic recovery.
Marking …
New York State Regulator Issues Subpoenas in Money Laundering Investigations
As part of a broad investigation into money laundering by banks, New York State banking and insurance regulator Benjamin Lawsky has issued subpoenas for records to a number of major consulting firms in recent months, a government …
Richard Cordray Approved as Consumer Watchdog Director: Why You Should Care
The move has the potential to benefit everybody with a mortgage, credit card or private student loan. In other words: you.
20 Words That Will Make or Break Financial Reform
In the next week, a fight over some 20 words in the Dodd-Frank bill will come to a head over whether the new rules on derivatives will apply only in the U.S., or internationally
CFPB Finally Fixes the “Anti-Housewife” Rule
On Monday, the Consumer Financial Protection Bureau updated existing regulations so it will be easier for stay-at-home spouses to get credit cards.
Elizabeth Warren Puts Financial Regulators on Trial
Senator Elizabeth Warren shows she’s a firebrand in her first banking committee hearing.
As Battle Brews Over Financial Watchdog Agency, A Look at What’s It’s Done So Far
The validity of the recess appointment last January of Richard Cordray, director of the Consumer Financial Protection Bureau, is now in question. The value of CFPB is not.
What (If Anything) Can Fix the SEC?
Here’s a three-point plan for Obama’s new nominee Mary Jo White.
JPMorgan’s Other Loss: A Voice for Regulatory Restraint
The failed bet that cost JPMorgan Chase $2 billion and plunged the bank’s stock by more than 9% on May 11 has rattled the financial sector. This wasn’t the case of a vigilante trader who struck out on his own. It was a top …
Why Regulators Delayed the Volcker Rule
Federal regulators announced Thursday that final implementation of the Volcker Rule will be delayed two years beyond the nominal deadline this July. The delay is a win for banks that were struggling to adjust to the looming restriction on their ability to make money through market trading as opposed to the more traditional, less …
Obama to Recess Appoint Cordray to Consumer Bureau
President Obama is reportedly planning to name Richard Cordray as director of the Consumer Financial Protection Bureau in a recess appointment today, which means the drawn-out Congressional standoff over Cordray’s nomination to …