United Press International
Senators in Washington negotiating financial reform have agreed to excuse payday lenders from new regulatory enforcement, sources close to the talks said...Christopher Dodd , D-Conn., and Bob Corker , R-Tenn., have agreed that new consumer protection...
United Press International
Federal Reserve has a tangible coup to wave in front of politicians this week: A move by Bank of America to sacrifice overdraft fees on debit cards. Just as lawmakers are discussing the Fed in disparaging terms -- how it failed to prevent or even...
Washington Post
Supervision of the nearly 5,000 banks below that threshold would fall largely to a proposed new regulator to be created by merging the Office of Thrift Supervision and the Office of the Comptroller of the Currency, aides said. In addition, the...
The New York Times
Dodd , Democrat of Connecticut, proposed legislation in November that would give a new consumer protection agency the power to write and enforce rules governing payday lenders, debt collectors and other financial companies that are not part of banks.
Politico
Senate negotiators are considering yet another structure for the consumer protection body that’s quickly becoming the third-rail of the financial reform debate. Sen. Richard Shelby (R-Ala.), the top Republican on the Banking Committee, has proposed...