Barney Frank Introduces Bill to Merge SEC and CFTC
Frank, who introduced the legislation with Rep. Mike Capuano, D-Mass., said that "now that the basic policies have been adopted to cover security and derivatives regulation, we can focus on the structural issue” of merging the two agencies.
After Obama Victory, How the New Government Is Shaping Up for Advisors: Updated
Some notable newcomers—Elizabeth Warren, for one—join Congress, which remains divided between the two parties as fiscal cliff, tax issues come to fore of national agenda. FPA and FSI's leaders and lobbyists weigh in on what's next.
CFPB Proposes to Ease Credit Card Access for Stay-at-Home Spouses
The bureau's fix would clarify a CARD Act rule that is intended to protect college students but has ensnared non-income-earning spouses and partners.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
For Advisors and Their Clients, Does It Matter Who’s President?
A look back at the last five presidents and their policies' effects on advisors and their clients, with implications for Obama-Romney.
Sandy Weill Wants Banks Small Again, Chris Dodd Wants Them Big
If politics makes strange bedfellows, it also makes for strange adversaries.
To Thwart SRO, Rep. Waters Introduces User Fee Bill
Maxine Waters, D-Calif., introduced on Wednesday a bill that would allow the SEC to collect user fees from advisors to fund their exams in lieu of an SRO.
Geithner: Europe Crisis Is Biggest Threat to U.S. Economy
Treasury Secretary Timothy Geithner discussed with lawmakers on Wednesday a number of issues, from the success of financial reform to the European crisis to the SEC's attempt to overhaul money-market funds.
Borzi on the Hot Seat, Again
Phyllis Borzi is once again feeling heat—this time from House Democrats—over her insistence on including individual retirement accounts (IRAs) in the Department of Labor’s reproposed fiduciary rule.
On Dodd-Frank’s 2nd Birthday, Should Investors Celebrate?
Individual investors have not witnessed dramatic regulatory changes favoring investors over the past two years, but they seem to be voting with their assets, moving them more toward fiduciary advisors.