Law Legislation

  • Schapiro_Mary.jpg

    The SEC will discuss rules to improve oversight of the credit rating industry as well as a proposed ban  on flash trades—or buy and sell orders that exchanges send to a specific group of participants before revealing them publicly.

  • american_bank.jpg

    Treasury officials want to require the corporate owners of the nation’s 41 industrial banks to accept more rigorous regulation or be forced to sell or shut them down.

  • ForSaleHouse.jpg

    When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it.

  • Finn M. W. Caspersen

    No one can know exactly what Finn M. W. Caspersen, a prominent philanthropist and the heir to the Beneficial Corporation fortune, was thinking when he decided to take his life on Labor Day.  But he apparently harbored a secret: He was suspected of dodging many millions in federal taxes.

  • Marijuana

    Tips for cultivating marijuana. Testimonials by patients about its medical benefits. Cannabis cooking lessons. Even citations for award-winning strains of pot. Viewers here can now watch, every week, what amounts to a pro-weed news program.

  • Danny Pang

    Authorities have ruled out foul play in the death of a financier accused of using millions of dollars from international investors to fund a lavish lifestyle complete with vacations and personal jets.

  • Hemp Plant

    Machete-wielding police officers have hacked their way through billions of dollars worth of marijuana in the country's top pot-growing states to stave off a bumper crop sprouting in the tough economy.

  • american_bank.jpg

    “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.”

  • credit_card_swiped.jpg

    Banks and credit unions have long pitched debit cards as a convenient and prudent way to buy. But a growing number are now allowing consumers to exceed their balances — for a price.

  • Secretary of State Hillary Rodham Clinton (AP Photo/J. Scott Applewhite)

    "Hillary: The Movie" is returning to the Supreme Court for a limited engagement and with the chance to overhaul laws governing federal campaigns ranging from the White House to the halls of Congress.

  • David Einhorn

    A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.

  • Stethescope and money

    Prospects for a government insurance plan appeared to be sinking fast Tuesday as lawmakers returned to Capitol Hill a day ahead of a major health care speech by President Obama.

  • Financial Crisis

    As we approach the anniversary of some of the most cataclysmic failures in our economic history, we appear to be in perhaps no better position to manage the failure of an investment bank, a hedge fund or an insurance company than we were before.

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    Britain's financial watchdog fined Barclays 2.45 million pounds ($4 million) on Tuesday for failing to provide accurate transaction reports and "serious weaknesses" in control systems in two of its divisons.

  • mortgage_calculator.jpg

    Bobbi Giguere had no luck in securing a loan modification fromWells Fargo, even though she had sent the bank the financial documents it requested. Then,  something happened. She questioned a Wells Fargo official about the bank’s lack of response — under oath.

  • Chinese authorities say the arrests of numerous business executives are part of an anticorruption campaign.  But analysts say they're the outgrowth of power struggles within the Communist Party to weaken rivals and their corporate supporters.

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    A global crackdown on bank secrecy and offshore tax havens is gaining steam due to  the worldwide financial crisis, the head of the OECD told CNBC.

  • Bernie Madoff mugshot

    The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff's business were incompetent, despite ample warnings of the multibillion-dollar fraud.

  • Scam

    A sophisticated identity theft ring that counted Federal Reserve Chairman Ben Bernanke's wife among its victims didn't stop at stealing money electronically. Authorities say it also sent a woman wearing a variety of wigs into bank branches to drain their accounts in person.

  • Sun Microsystems's headquarters in Santa Clara, California.

    Uncertainty about Sun Microsystems' future appears to have contributed to serious erosion in the company's market share for computer servers in the latest quarter, according to new data being released Wednesday.