With a key Congressional committee  beginning markup of legislation creating a consumer financial products watchdog, the Federal Reserve's unusual role as a source of funds will likely draw attention.

President Barack Obama promoted a new financial protection agency by saying it would prevent banks from using "ridiculously confusing contracts." He also said the US Chamber of Commerce has made "completely false" claims about the new agency.

The White House is returning to the  complicated task of pushing radical financial regulatory reform through Congress by focusing voters on new consumer protections.

Major mortgage loan servicers showed improved results heading off foreclosures in September, according to a government report released Thursday, helping the Obama administration hit a key target ahead of schedule.

The embattled bank increased the number of trial mortgage modifications under a key government aid program by 62% in September to 95,000, according to a document obtained by CNBC.com.

Talk of the perils of dollar weakness has been exaggerated for three decades—and in that way are somewhat comical--while predictions of its demise as the reserve currency is premature. The dollar saga is also the stuff of a short memory.

Powerful House Financial Services Committee Chairman Barney Frank (D-Mass.) has scheduled a series of markup sessions for key parts of the reform package, according to Congressional sources.

House Financial Services Chairman Barney Frank's version contains a number of key changes to the White House's Consumer Financial Protection Agency legislation.

It’s fair to say that Michel Moore’s new film, "Capitalism: A Love Story", is not really a chronicle of the financial crisis or an idiot’s guide to economics. Instead, it's a populist's analysis of the role of money—Wall Street money, in particular—in politics and government and the unequal distribution of wealth in the US, personified by a new group of robber barons.

Treasury Secretary Timothy Geithner says he supports revisions to the administration's financial reform plan that were proposed by Rep. Barney Frank.

Rep. Barney Frank is working on an alternative version to Obama administration legislation that would create a Consumer Financial Protection Agency as part of sweeping regulatory reform.

As if Washington’s attempt to rewrite financial regulation wasn’t complicated enough, Senate Banking Chairman Chris Dodd is reportedly ready to propose a radically different structure for banking supervision.

Cash-for-clunkers may have pushed retail sales higher, but the road to recovery is likely be a bumpy one, say economists.

“I think it’s unraveling,’ says former FDIC Chairman William Isaac. “It is hard for me to see how this legislation gets done this year.”

Though the  tumultuous domino effect of September 2008 will be remembered as the tipping point of the financial crisis, its first major eruption was in the late summer of 2007 with the subprime mortgage meltdown. Much has changed since then. Here's how its reflected in key economic indicators.