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…
Today, Sen. Chris Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.) said that some parts of the conference committee hashing out the final financial regulatory reform bill will be public, with other negotiations remaining private.
But Brian Beutler of Talking Points Memo reports that Republicans are pushing to put More…
If you want to know why some consumer advocates and others are concerned about current financial regulatory reform proposals to house a Consumer Financial Protection Agency within the Federal Reserve, look no further than the experience of the Fed’s own Consumer Advisory Council.
The Council, which has generally drawn little More…
In early July, settled in at one of Grover Norquist’s conservative movement breakfast meetings, Colin Hanna and Peter Roff had a brainstorm. Hanna, who commutes to Washington from the Wilmington, Delaware offices of his organization Let Freedom Ring, speculated that Americans were concerned about Congress considering a health care bill More…
As housing foreclosures top the 1.5-million mark this year, the Obama administration has openly abandoned cramdown as a strategy for tackling the crisis.
That approach — which would empower homeowners to avoid foreclosure through bankruptcy — was once a central element of the administration’s plans to stabilize the volatile housing More…
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