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Law Legislation

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    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.

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

  • 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."

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    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.

  • 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.

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    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.

  • 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.

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    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.

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    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.

  • 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.

  • Cost of healthcare

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

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

  • 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.

  • Christopher Dodd (CT - D)

    Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Republican member Bob Corker (R-Tenn.) are closer than ever to drafting a bipartisan bill on financial regulatory reform, but negotiations will stretch into next week, according to Congressional sources.

  • Senator Judd Gregg

    The two senators introduced a bill this week, which they modestly called the Bipartisan Tax Fairness and Simplification Act of 2010. The New York Times looks at what it means.

  • Twitter

    British politicians were among those caught up Friday in the latest Twitter-based scam which hijacks users' accounts to send out sexually explicit messages to friends and followers.

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    The public spat between Greece and Germany over the issue of World War II reparations deepened Friday, when Greek Prime Minister George Papandreou backed up his deputy's earlier claims by saying that the issue was still "open."