WASHINGTON, Oct 16 (Reuters) – The Federal Reserve needs to take a tougher approach to cracking down on excessive bank overdraft fees, U.S. Senator Charles Schumer warned on Friday.
Saying that the central bank’s move to crack down on the fees doesn’t go far enough, Schumer, a Democrat, warned that Congress will act if the Fed fails to take a firmer line.
Nasdaq backs ban on ‘flash’ trading -Schumer
By Rachelle Younglai and Jonathan Spicer
WASHINGTON/NEW YORK, July 28 (Reuters) – The Nasdaq Stock Market supports a ban on so-called “flashes,” order types that it and other stock-trading venues send to a select group of traders fractions of a second before revealing them publicly, Senator Charles Schumer said on Tuesday.
