OCC Trying to Protect Banks on Volcker Rule

By: Monday October 17, 2011 8:15 am

It’s a familiar story. The finance lobby wants to weaken a rule. They find the weakest link in the regulatory chain and ride that link to achieve their ends. And the weakest link is usually the Office of the Comptroller of the Currency, colloquially known as the Office of Bank Advocacy. That’s what’s happening on [...]

Warren Shoots to Top of Short List for CFPB Job

By: Tuesday April 26, 2011 6:10 am

We’ve seen enough trial balloons out of this Administration to cause a run on helium (Big Helium Bailout!), but this latest one courtesy of Bloomberg News is actually a two-fer. First, there’s the speculation that Elizabeth Warren tops the list for Director of the Consumer Financial Protection Bureau, which she devised, fought to get enacted [...]

This Week’s Developments in Foreclosure Fraud

By: Monday November 15, 2010 8:18 am

Forget about the lame duck session for a second. It doesn’t look as if a whole lot will be accomplished, and outside of Charlie Rangel’s ethics trial there isn’t much entertainment value to be had, either. Of far more news value will be the developments this week on foreclosure fraud, only one of which involves [...]

Congress Wraps Up a Day Early

By: Thursday September 30, 2010 7:25 am

Eager to get home to campaigning, Congress completed a pre-election session with few pieces of legislation and big questions on topics like the Bush tax cuts. Let’s take a look at what happened on the final day: • The intelligence authorization bill passed the House, and now goes to the President for the first time [...]

Dodd: Federal Reserve Nominees Still Stuck in Limbo

By: Wednesday September 15, 2010 7:33 am

Chris Dodd doesn’t expect a vote on three nominees to the Federal Reserve’s Board of Governors. Janet Yellen, Sarah Bloom Raskin and Peter Diamond have been awaiting confirmation for months. U.S. Sen. Christopher Dodd (D., Conn.) said Tuesday he didn’t know how much appetite there was among senators to vote on three nominees to the [...]

Obama Chooses Three For Fed Board Of Governors

By: Thursday April 29, 2010 12:08 pm

As expected, President Obama filled three open slots on the Federal Reserve’s Board of Governors with names that were widely disseminated a couple months ago: Obama today announced his choice of San Francisco Fed President Janet Yellen to be vice chairman of the Board of Governors under Bernanke. Obama also named Sarah Bloom Raskin, Maryland’s [...]

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