U.S. Rep. Leonard Boswell thinks the full House Agriculture Committee should hold hearings and launch an investigation into the relationship between rising oil prices and Wall Street speculators.
“As ranking member of the Agriculture Subcommittee that oversees the U.S. Commodity Futures Trading Commission, I have a responsibility to ensure More…
A new law went into effect Friday requiring all labels of fur garments sold in the U.S. to list every single animal species used to make the clothing item.
Labels must also specify species’ country of origin, the manufacturer and other information for consumers. The measure was introduced by More…
Yesterday evening, Elizabeth Warren, responsible for setting up the Consumer Financial Protection Bureau, spoke at a meeting of the Financial Services Roundtable, a trade association for the country’s biggest banks.
In the past, Warren has lambasted banks for purposefully creating opaque, obscure products to make a buck off of More…
This morning, President Barack Obama plans to officially announce that Elizabeth Warren — Harvard Law professor and the current head of the Congressional Oversight Panel over the Troubled Asset Relief Program — will head the Consumer Financial Protection Bureau.
[Congress1] Well, sort of. After months of will-he-or-won’t-he speculation by journalists, More…
Speaking on MSNBC yesterday night, Rep. Barney Frank (D-Mass.) pushed for the Obama administration to choose Elizabeth Warren — a Harvard Law professor and the current head of the Congressional Oversight Panel over the Troubled Asset Relief Program — as the head of the new Consumer Financial Protection Bureau. More…
It’s out. Here is the full text, and here is a detailed 10-page summary. The bill reforms virtually every facet of the national financial system in one way or another — everything from debit card fees to mortgage lending restrictions to hedge fund regulation to the path for More…
Last week, the Senate passed a sweeping overhaul of the regulation of banks and financial institutions. The bill, authored by Sen. Chris Dodd (D-Conn.), does not just focus on Wall Street firms, changing leverage limits and capital requirements. It focuses on Main Street banks and lenders as well. The bill More…
Dan Pfeiffer, the White House communications director, wrote a blog post that lists the loopholes lobbyists most want inserted into Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. Here they are, trimmed down a bit for readability:
Tonight, the Republicans released a counter-proposal to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform package. Here is a comparative analysis of the two proposals.
For those with a basic grasp of (non-political) economics and a keen memory for how massive consumer fraud and non-transparent financial products helped cause the current economic crisis, it’s an obvious proposition: Helping consumers avoid fraud, usury, overly powerful banks and fee-hungry brokers is good for the economy. But a More…
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