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Video: Bank Reform Bill Passed by House. | Mortgage Lender Report
23 hours ago ago from Mortgage Lender Report
The bill that could change it all is on its to Congress finally having made it out of the House of Representative. Backed by Obama's administration it is thought that this new regulator commission might be going just a step too far. Only time will tell but as this will create a new active sheriff called the Consumer Financial Protection Agency we'll see how this all plays out. The agency will overview and regulate mortgages and credit cards ...
Related contentHouse Votes to Tighten Regulation of Financial System - NYTimes.com
7 hours ago ago from 40 Years In The Desert
House Votes to Tighten Regulation of Financial System - NYTimes.com thankfully, the CFPA survives, but they voted down cramdown on mortgages in bankruptcy , and voted for the contemptible Melissa Bean's contemptible preemption language , which allows the Office of the Comptroller of the Currency, to strike down state consumer protections. USA Today , of all people was right hen it said that, " The Comptroller of the Currency, for example, ...
Related contentHouse approves financial reform bill
3 hours ago ago from Back to Red
Bill includes new consumer watchdog agency and new regulations on credit cards to executive pay.
Related contentHouse votes against effort to kill consumer financial protection agency
1 hour, 38 minutes ago ago from Bank REO | Locate Bank Foreclosures | REO Real Estate, Properties & Foreclosures | News | Information | Bank REO Real Estate
Surprising that after the $38.7 billion dollars in overdraft fees and other programs to generate revenues for the banks other than their normal services such as lending and wealth management. The industry did not self-regulate and the regulators did not see this practices as a problem so we need to have someone out their that is looking at these and see if they are actually beneficial and honest or are they created to be predatory with ...
Related contentMore on those loopholes.
7 hours ago ago from Rortybomb
Project on Government Oversight (POGO), an independent government watchdog, wrote a letter to Representative Peterson outlining opposition to the loopholes last week. Nick Baumann has an excellent on the derivatives loophole we talked about here, which started a bit mid-discussion for people not too familiar. Check out Nick's story. In case you want to see how the sausage gets made, talking with consumer groups the question isn't ...
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U.S. House approves consumer financial protection watchdog - FOXBusiness.com
16 minutes ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Personal Finance Friday, December 11, 2009 U.S. House approves consumer financial protection watchdog  By Connie Prater CreditCards.com  Credit cardholders who want to ...
Related contentHouse Votes Against Effort To Kill Consumer Agency - FOXBusiness.com
3 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Finance Friday, December 11, 2009 House Votes Against Effort To Kill Consumer Agency  By Ronald D. Orol MarketWatch Pulse  WASHINGTON - House ...
Related contentRep. Jackie Speier: All I Want for Christmas Is Reasonable Regulation of the Financial Industry
21 hours ago ago from Huffington Post
Next time you're at the mall, supporting your hometown merchants with holiday purchases, I would like you to consider something. Every store owner must comply with a list of regulations that govern their building, signs, how they treat employees, product safety and the veracity of their advertising. While no merchant is clamoring for more government intrusion, most would agree that it is reasonable to impose standards to protect consumers ...
Related contentDemocrats Defend Bill to Rein in Wall Street
18 hours ago ago from The New York Times
WASHINGTON House Democrats defended their Wall Street regulatory overhaul on Thursday against sharp Republican criticism that it would perpetuate a bailout mentality, and they accused Republicans of aligning themselves with the financial institutions that caused the financial crisis . Harry Hamburg/Associated Press Representative Lynn Jenkins, Republican of Kansas Related Times Topics: Financial Regulatory Reform ...
Related contentHouse eases restrictions on derivatives trades
19 hours ago ago from PopEater
WASHINGTON -A bipartisan coalition in the House voted late Thursday to make it easier for corporations to engage in complex derivatives trades without government restrictions, eroding the reach of proposed regulations to govern Wall Street. Democratic attempts to toughen the legislation failed. Though not major setbacks, the votes illustrated the difficulties facing House Financial Services Committee Chairman Barney Frank and the Obama ...
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