House Financial Services Committee Approves Derivative Regulation
The House Financial Services Committee approved first-time regulation of derivatives, the obscure financial products linked to the 2008 Wall Street crash, the New York Times reported Thursday. The 43-26 party line vote was a major move toward approving President Obama's proposed overhaul of the financial regulatory...
New Fed Rules Will Restrict Overdraft Fees on Debit Cards
New rules announced by the Federal Reserve on Thursday will restrict banks from charging overdraft fees without customers' consent on somedebut card purchases, the New York Times reports. Banks will be required to explicitly outline their overdraft policies in clear language and obtain the customer's written consent before charging fees to their account....
Obama Will Propose New Limits on Banks
Filed under: Obama Administration, Wall Street
President Obama is expected to propose giving bank regulators authority to limit the size of banks and prohibit the trading of accounts, the New York Times reports. In doing so, Obama will put his support behind a plan long advocated by Paul Volcker, the...Before a Polarized Fall Campaign, a Bit of Bipartisanship
Filed under: Senate, House, Democrats, Republicans, Economy, Education, Health Care, 2010 Elections, Congress, Wall Street, Unemployment, Jobs
Democrats are feeling like the political winds have suddenly...Tighter Financial Regulation Backed by Two-Thirds of Public, Poll Finds
Filed under: Polls, Poll Watch, Wall Street
As the Senate heads for a showdown on a bill to more tightly regulate the financial industry, a new poll shows that most Americans favor such legislation.
Follow seriouslypolitics on Twitter!
