Financial Regulatory Forum

U.S. Treasury sends credit-rating regulation bill to Congress

July 21, 2009

WASHINGTON, July 21 (Reuters) – The U.S. Treasury Department sent a draft bill to Congress that would prevent credit rating agencies from consulting for the companies they evaluate, and said it hoped new disclosure and conflict-of-interest rules will curb the agencies’ power. (more…)

INTERVIEW – U.S. Treasury devising aid for CIT -Rep. Frank

July 15, 2009

U.S. Rep. Barney Frank By Karey Wutkowski
WASHINGTON, July 15 (Reuters) – The U.S. Treasury Department wants to find a “responsible” way to provide government aid to troubled lender CIT Group Inc, Representative Barney Frank said on Wednesday. “I’ve spoken with (Treasury) Secretary Geithner, and I understand they’re working hard to try to come up with something responsible to try to prevent the failure,” Frank, chairman of the House Financial Services Committee, told Reuters in an interview. (more…)

US Treasury to name up to 9 fund managers-source

July 2, 2009

   NEW YORK, July 1 (Reuters) – The U.S. Treasury Department is expected to name as many as nine fund managers to operate the long-awaited Public-Private Investment Program (PPIP) to cleanse banks of toxic assets, a person familiar with the plan said on Wednesday.