financial reform

Financial Reform’s Passage: It’s Just the Beginning

By a 60-39 vote Thursday, the Senate passed legislation that re-calibrates the flow of capital through the American financial sector and provides new powers to the regulatory regime that oversees it. The final bill is the culmination of a near two-year effort launched after 2008’s Wall Street crisis thrust the nation into recession and …

What Can Dodd-Frank Do For You?

A little while back, a reader asked me, “what is in the [financial reform] bill that affects us little people?” I gave only a very cursory answer, but the first item on my list was the Consumer Finance Protection Bureau. By overseeing the loans and financial products companies sell to individual consumers, the CFPB has the potential to …

Senate Math on Financial Reform Gets a Bit Easier

Maria Cantwell intends to vote for the bill, her spokesman tells me. She was won over by a letter from Commodity Futures Trading Commission Chairman Gary Gensler, in which he reassured her the language regulating derivatives is sufficiently clear and enforceable. Cantwell voted against the original Senate version because of concerns that …

The House Passed Financial Reform; Now What?

The House of Representatives passed a sweeping overhaul of America’s financial sector and the regulatory structure that oversees it Wednesday evening, the penultimate step in a two-year effort sparked by the 2008 crisis. The 237-192 vote split largely along party lines, with most Democrats supporting the measure and most Republicans …

Updated: Financial Regulatory Reform Passes the Senate

Aided by “ayes” from Republicans Scott Brown, Olympia Snowe and Susan Collins, Senate Democrats succeeded in ending debate on financial regulatory reform by a 60-40 vote Thursday afternoon. Democratic Senators Maria Cantwell and Russ Feingold remained in opposition to the procedural motion, hoping to secure more time to consider …

  1. Previous
  2. 1
  3. 2
  4. 3
  5. 4