Need to Know’s Sam Weber on why the Dodd-Frank Wall Street Reform Act represents a seismic shift in the regulatory framework of our financial system.
My city feels like a crime scene and the criminals are all melting into the night, fleeing the scene. No, I’m not talking about the kids in black who smashed windows and burned cop cars on Saturday. I’m talking about the heads of state who, on Sunday night, smashed social safety nets and burned good [...]
For John Bellamy Foster, there is nothing in the new legislation that will prevent or even ameliorate future financial bubbles and their inevitable consequences.
Just over a year after President Obama unveiled his proposal for financial reform and well over two years since the collapse of Bear Stearns, Congress is poised to pass a sweeping overhaul of the way Wall Street is regulated. After 20 hours of nearly continuous negotiations, House and Senate conferees, led by Sen. Chris Dodd [...]
When you use a debit card at a store, does it really matter how that money is transferred from your checking account to the merchant? Well, to the banks that issue debit cards and the merchants that accept them, it matters. A lot. A little noticed, but heavily lobbied amendment to the financial reform legislation will limit interchange fees.
The Senate’s financial reform bill includes an amendment that would exempt car dealers from new lending regulations.
The financial reform bill vastly reshapes federal agencies and creates several more, including one to monitor financial markets and another to police lending.
Proposed regulatory reform legislation could mean big problems for ratings agencies.
A growing number of senators insist we should do more to reduce the size and limit the leverage of megabanks. But the debate might never reach the Senate floor.