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  • Senate Banking Panel Wants to Add Fee For Big Banks Wednesday, 10 Mar 2010 | 12:01 PM ET
    US Capitol Building

    The Senate Banking Committee has added a new fee on big financial institutions to its legislative package of financial reforms, according to a source familiar with negotiations

  • A Consumer Bill Gives Exemption on Payday Loans Wednesday, 10 Mar 2010 | 10:59 AM ET
    Senate Banking, Housing and Urban Affairs Committee Chairman Christopher J. Dodd (D-CT) and ranking member Sen. Richard C. Shelby (R-AL)

    Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders.

  • Obama Appeals For Public Support on Health Care Monday, 8 Mar 2010 | 12:23 PM ET
    President Barack Obama

    President Barack Obama accused insurance companies of placing profits over people and said Republicans ignored long-festering problems when they held power as he sought to build support Monday for swift passage of legislation stalled in Congress.

  • Senate Banking, Housing and Urban Affairs Committee Chairman Christopher J. Dodd (D-CT) and ranking member Sen. Richard C. Shelby (R-AL)

    Senate Banking Committee Chairman Chris Dodd said he was hopeful a bipartisan agreement on a sweeping package of financial regulatory reforms could be reached in the coming days, but admitted there were still key differences between his party and the GOP.

  • The EU Looks for a Legal Way to Bail out Greece Friday, 5 Mar 2010 | 3:48 AM ET
    european_union_200.jpg

    The European Commission invited regulators, central banks, ratings agencies, fund managers and brokers for a technical meeting Friday in Brussels to discuss the fundamentals of the credit default swaps market.

  • Senate Banking, Housing and Urban Affairs Committee Chairman Christopher J. Dodd (D-CT) and ranking member Sen. Richard C. Shelby (R-AL)

    Senate Banking Committee members Thursday continued talks in the hope of crafting a bipartisan bill covering sweeping reform of the financial sector, with panel chairman Christopher Dodd signaling that there was still no agreement yet on where and how a new consumer watchdog agency would fit into the current regulatory structure.

  • fingers_crossed.jpg

    The idea to make brokers fiduciaries who have a responsibility to put their customers’ interests first may not survive in the financial overhaul bill.

  • Senate Committee Nears Deal On Financial Reform Bill Thursday, 4 Mar 2010 | 12:42 AM ET
    U.S. Senator Bob Corker (R-TN)

    "We’re really close," said Sen. Bob Corker (R-Tenn.). "We’ve had a really good day. We’re getting to a place where Democrats and Republicans both can get comfortable with this. March 3 has been the best day yet in the process."

  • GOP Seeks to Limit Independence of Financial Watchdog Wednesday, 3 Mar 2010 | 6:39 PM ET
    congress.jpg

    Three senior GOP members of the Senate Banking Committee have made a new proposal for the consumer financial protection agency to Democratic chairman Christopher Dodd.

  • Hedge Funds Face Probe Over Euro Collusion: Report Wednesday, 3 Mar 2010 | 2:54 PM ET
    Government Regulation

    The Justice Department is looking into whether hedge funds worked together to drive down the value of the euro, according to a report Wednesday in The Wall Street Journal.

  • Gridlock May Be Ending on Consumer Protection Wednesday, 3 Mar 2010 | 12:13 PM ET
    FED_RESERVE3.jpg

    A proposal to give the Federal Reserve the primary responsibility for protecting consumers from abusive and deceptive financial products emerged on Tuesday as a potential breakthrough after months of partisan gridlock in the Senate over the terms of a broad overhaul of financial regulations.

  • Chadwick: Why Harold Ford is Wrong Wednesday, 3 Mar 2010 | 10:07 AM ET
    Harold Ford Jr.

    We need more legislators who are pragmatists and centrists to take the helm and provide true leadership. We need legislators who can find solutions and not hide behind obstructionist rhetoric. The fringe elements of both parties today have wrested control from the silent majority. The squeaky wheels are getting all the grease, while the axle is falling apart.

  • congress.jpg

    Under the latest proposal, the Federal Reserve would be given new powers to protect consumers in dealing with financial services companies and their products, according to sources.

  • Financial Reform Talks Grind On; No Deal In Sight Monday, 1 Mar 2010 | 4:16 PM ET
    congress.jpg

    A weekend of talks between Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Bob Corker (R-Tenn.) yielded some progress on crafting a bipartisan bill for financial regulatory reform, but there's no indication that a deal is imminent, several sources said.

  • No One Would Listen - Harry Markopolos

    My CNBC colleague Mary Thompson recently interviewed Harry Markopolos who for nearly ten years; tried, and failed, to alert regulators and investors of Bernie Madoff's $65 billion dollar Ponzi scheme.

  • US Capitol Building

    Given the current trouble Congress is experiencing getting a financial regulatory bill out of the Senate, this underscores some of the confusion about arcane financial products and confusion over how to address their risks (if any) towards the financial markets.

  • From BRIC to BIC: What Happened to Russia? Monday, 1 Mar 2010 | 11:11 AM ET

    In talking with global investors and in my recent trip to Davos for the World Economic Forum, I found that people are hardly even talking about Russia anymore. They’ve dropped the ”R“ to the point where it’s become the BIC nations.

  • Farrell: Taking A Position Monday, 1 Mar 2010 | 10:38 AM ET
    Cost of healthcare

    Positions were formed long ago and the talk-fest provided photo ops and little more. Observers took away what they wanted.

  • Talks Continue on Senate Financial Reform Bill Sunday, 28 Feb 2010 | 12:04 PM ET
    congress.jpg

    Senate negotiators continue to work on a bipartisan financial regulatory-reform bill, following talks Saturday that yielded no "real progress", according to one source.

  • Details Emerge On Key Parts of Financial Reform Bill Saturday, 27 Feb 2010 | 9:47 AM ET
    Christopher Dodd (CT - D)

    Senate Banking Committee Chairman Christopher Dodd has offered a slightly watered-down proposal for a consumer watchdog agency for financial products in an effort to win Republican support.