WASHINGTON, March 27- The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans.
WASHINGTON, Feb 27- The Republican-led U.S. The Consumer Financial Protection Bureau, or CFPB, was created as part of the 2010 Dodd-Frank law to help protect Americans from financial scams.
NEW YORK, Jan 30- A new push by regulators and lawmakers to hold individuals, rather than just institutions, accountable for regulatory violations involving money laundering is spooking members of the U.S. financial industry, an executive of retail broker E* Trade Financial said on Thursday.
WASHINGTON, Jan 13- Democratic lawmakers on Monday called for a congressional inquiry into the hacking of credit and debit card data of tens of millions of customers of No. 3 U.S. retailer Target Corp during the holiday shopping season.
WASHINGTON, Jan 13- Democratic members of the Financial Services Committee of the U.S. House of Representatives have called on the panel to investigate the hacking of credit and debit card data belonging to millions of customers of retailer Target Corp..
WASHINGTON, Jan 13- Democratic members of the Financial Services Committee of the U.S. House of Representatives are calling for the panel to investigate the hacking of credit card data belonging to millions of customers of Target Corp stores.
WASHINGTON, Jan 8- Several U.S. lawmakers waded into a squabble between small banks and their regulators this week, supporting the companies' efforts to scale back the so-called Volcker rule which restricts banks' ability to make bets with their own money.
The fiduciary bill, sponsored by freshman Republican Representative Ann Wagner of Missouri, targets rulemaking efforts at both the U.S. Securities and Exchange Commission and the Department of Labor that would impose a fiduciary duty on certain kinds of financial advisers.