×

Congress Financial Reform

  • Rep. Jeb Hensarling, R-Texas.

    Instead of a director who can be fired, industry groups have called for a bipartisan five-member commission to lead the CFPB.

  • SYDNEY, Feb 13- Australian banks seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention. Commonwealth Bank of Australia,...

  • WASHINGTON, Feb 10- The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, a strong regulator who was dovish on monetary policy in his seven years on the board, said in his resignation letter to Trump he would...

  • Elderly, serious, reviewing informational papers

    The Trump administration is working on a proposal to delay the fiduciary rule, despite a court decision this week that upheld it.

  • WASHINGTON, Feb 10- The top Federal Reserve official charged with financial regulation said on Friday that he would resign, just a week after the new administration of President Donald Trump said it would undertake a review of what it sees as onerous bank rules. Daniel Tarullo, who had served at the Fed since 2009 and helped shape its response to the 2008-2009...

  • FRANKFURT, Feb 10- German exchange operator Deutsche Boerse warned on Friday the United States should be cautious in any revamp of banking regulations to ensure the lessons of the financial crisis are not forgotten. At a White House forum with U.S. business leaders, Trump said his administration expects "to be cutting a lot out of Dodd-Frank," the 2010 Dodd-Frank...

  • BEIJING— China plans to have people abroad who are accused of financial market misconduct "captured and returned," the country's stock regulator said in comments reported Friday by news outlets. The reports follow the disappearance from Hong Kong of a Chinese-born Canadian founder of an investment company and arrests of leading securities industry figures...

  • WASHINGTON, Feb 9- The Republican leader of the House Financial Services Committee plans to scale back banking reforms, curb the consumer finance agency and ease regulations on financial institutions and companies looking to raise capital, according to a proposal seen by Reuters on Thursday. In a four-page memo on the legislation he intends to introduce,...

  • Then-Sen. Chris Dodd (L) and then-Rep. Barney Frank at the signing of the Dodd-Frank act in 2010.

    The law designed to prevent another financial crisis may be on the chopping block, but some of its regulations were never put into effect.

  • WASHINGTON, Feb 8- A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump's efforts to scale back government regulation. The stinging 81- page ruling comes just days after Trump ordered the Labor Department to review the "...

  • Michael Piwowar, acting chairman of the U.S. Securities and Exchange Commission

    The pay-ratio rule requires companies to report the median pay of their workers and compare it to the CEO's pay, The Wall Street Journal reports.

  • The results of the notice from the Securities and Exchange Commission and any enforcement action related to the outage are unknown at this time, NYSE owner Intercontinental Exchange Inc said following the release of its financial results. NYSE has sent the SEC a letter defending its actions before and during the outage, he said. The outage resulted from a...

  • *Completion of Basel seen as litmus test for global rules. LONDON, Feb 7- President Donald Trump's review of post-crisis banking rules could sound the death knell for new global standards now being finalised and rip apart a common approach to regulating international lenders, bankers and regulators said. Given that the United States wants to shrink the banking...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...

  • FRANKFURT, Feb 6- The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. That raises the prospect of the United States pulling out of some international cooperation efforts.

  • FRANKFURT, Feb 6- The European Central Bank rejected U.S. accusations of currency manipulation on Monday and warned that deregulating the banking industry, now being openly discussed in Washington, could sow the seeds of the next financial crisis. That raises the prospect of the United States pulling out of some international cooperation efforts.

  • Responding to questions from the members of the parliament's economic and monetary affairs committee, Draghi also rejected claims by the Trump administration that Germany gets unfair trade advantage from a weak euro. Peter Navarro, head of the U.S. National Trade Council, has claimed that Germany is exploiting what he called a "grossly undervalued" currency.

  • Donald Trump

    The White House dropped a provision to delay a rule requiring your financial advisor to provide you with advice that's in your best interest.

  • BERLIN, Feb 6- Negotiations on new regulations for banks known as Basel III should aim to create a level playing field in the financial industry instead of loosening oversight of the sector, a spokesman for the German finance ministry said on Monday. President Donald Trump's ordered reviews of major banking rules that were put in place after the 2008 financial...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...