Financial Regulatory Forum

U.S. Senator Dodd to unveil financial reform bill on Tuesday

November 9, 2009

U.S. Senator Chris Dodd (D-CT) laughs at a joke told by President Barack Obama to the audience during a fundraiser for Dodd in Stamford, Connecticut, October 23, 2009.  REUTERS/Jason Reed   (UNITED STATES POLITICS) By Kevin Drawbaugh

WASHINGTON, Nov 9 (Reuters) – U.S. Senate Banking Committee Chairman Christopher Dodd will unveil long-awaited draft legislation on financial regulation reform on Tuesday, his office said on Monday.

Republican U.S. Sen Shelby sets down financial reform markers

By Reuters Staff
November 2, 2009

U.S. Sen Richard Shelby (R-AL) makes a point while taking questions at the Reuters Financial Regulation Summit  in Washington, April 24, 2009. REUTERS/Stelios Varias (UNITED STATES POLITICS BUSINESS)   WASHINGTON, Nov 2 (Reuters) – The top Republican on the U.S. Senate Banking Committee wants a bipartisan deal on financial regulation reform, but sees numerous basic issues as still open to debate, an aide told Reuters on Monday.

Reuters Summit-Geithner: Obama team to toughen ‘Too big to fail’ fix

By Reuters Staff
October 21, 2009

By Karey Wutkowski
WASHINGTON, Oct 20 (Reuters) – The Obama administration is planning to send lawmakers a fresh, tougher proposal that would give the government more tools to wind down troubled financial firms and reduce the idea of “too big to fail,” U.S. Treasury Secretary Timothy Geithner said on Tuesday.

ANALYSIS-Activists hit compromises on U.S. financial reform

By Reuters Staff
October 20, 2009

U.S. Representative Barney Frank (D-MA), chairman of the House Financial Services Committee, holds a field hearing in Boston, Massachusetts March 23, 2009. (File photo) REUTERS/Brian Snyder By Kevin Drawbaugh
WASHINGTON, Oct 20 (Reuters) – The watering down of U.S. financial regulation reform in Congress drew questions on Tuesday from consumer advocates wondering what will be left of the Obama administration’s plan once lawmakers are done.

Financial reforms gain traction in U.S. Congress

By Reuters Staff
October 14, 2009

Committee Chairman Edolphus Towns (D-NY) (C), ranking member Rep. Darrell Issa (R-CA) (L) and Rep. Dennis Kucinich (D-OH) (R) talk to reporters after testimony by U.S. Federal Reserve Chairman Ben Bernanke about his role in Bank of America's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington, June 25, 2009.    REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh
WASHINGTON, Oct 14 (Reuters) – A senior U.S. lawmaker lashed out anew over the rich pay packages awarded to executives of bailed-out banks on Wednesday, as Congress took steps to move ahead on financial regulatory reform.

Obama to push consumer financial watchdog agency

October 8, 2009

FINANCIAL-REGULATION/    WASHINGTON, Oct 7 (Reuters) – President Barack Obama will seek this week to rally support for his proposal to create a watchdog agency that would protect consumers from risky financial products.
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Rep. Frank revises planned U.S. consumer agency bill to meet business demands

By Reuters Staff
September 25, 2009

REGULATION-SUMMIT/ By Karey Wutkowski and Rachelle Younglai
WASHINGTON, Sept 25 (Reuters) – Powerful U.S. lawmaker Barney Frank bowed to some of the financial industry’s demands and softened parts of his bill to create an agency to protect consumers from risky financial products, according to a copy of the draft bill first obtained by Reuters on Friday.

Geithner open to changes in consumer finance watchdog

By Reuters Staff
September 23, 2009

U.S. Treasury Secretary Tim Geithner listens  during a meeting at the Treasury Department in Washington, September 17, 2009. By Kevin Drawbaugh
WASHINGTON, Sept 23 (Reuters) – U.S. Treasury Secretary Timothy Geithner gave cautious support to paring back the scope of a proposed government agency to protect financial consumers, but argued forcefully on Wednesday for its creation.

U.S. won’t list systemically key firms – Geithner

September 23, 2009

U.S. Treasury Secretary Timothy Geithner finishes his testimony to Committee Chairman Representative Barney Frank (D-MA) (L, in monitor) and the House Financial Services Committee on Capitol Hill in Washington, March 26, 2009 (File photo) WASHINGTON, Sept 22 (Reuters) – U.S. Treasury Secretary Timothy Geithner said in testimony prepared for delivery on Wednesday that the United States would not identify in advance financial firms that it views as systemically important.
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Top US lawmakers stress financial reform common points, delay seen

By Reuters Staff
September 22, 2009

U.S. Senate Banking Committee Chairman Chris Dodd (D-CT)(R) and Chairman of the House Financial Services Committee Barney Frank (D-MA) speak after a news conference on Capitol Hill in Washington, November 20, 2008.  REUTERS/Jim Young (UNITED STATES)By Kevin Drawbaugh
WASHINGTON, Sept 22 (Reuters) – The U.S. Congress’ two top legislators on financial reform stressed their points of agreement on Tuesday, despite lingering differences and a prediction from one that the reform debate may be prolonged.