financial overhaul

As we noted on Wednesday, the House Financial Services Committee is in the midst of tackling financial regulatory reform, which has brought out the lobbyists in full force. Here’s just a small taste of the action so far: American Banker is reporting that the committee is close to carving out an exemption for community banks [...]

Well, this should come as no surprise: Financial industry groups already are gearing up to fend off a proposed Consumer Financial Protection Agency that would regulate mortgages, credit cards, and other kinds of consumer lending. The idea was a key part of the financial system overhaul that President Obama outlined on Wednesday.
Although Obama called for [...]

At The Wall Street Journal, Gerald Seib lays out President Obama’s biggest problem as he unveils his proposals for regulatory overhaul today — the “Goldilocks” dilemma. The plan is likely to draw fire from both Obama’s right and left, Seib says.
The Federal Reserve will get more powers to oversee big financial institutions, large firms will [...]