What Elizabeth Warren Fails to Understand About Finance
Law professor Todd Zywicki says the primary victims of well-intentioned but paternalistic bureaucrats are the very people they are meant to protect, especially lower-income Americans.
Dodd-Frank: Four Years Later
As the fourth anniversary of the Dodd-Frank Act's passage into law hit in late July, regulators and lawmakers aired their opinions about how the financial reform law is working—or not.
20 Best Ways to Fix Dodd-Frank Act
Former Sen. Chris Dodd says his namesake financial reform law is "working pretty well." But the Bipartisan Policy Center sees room for improvement.
New Hire Roundup: Hedge Fund Association Names Regional Co-Directors
Also in new hires, Sen. Rob Portman, R-Ohio, announced that Zach Rudisill will assume the role of tax counsel on his staff.
Criminal Charges Against Banks Risk Sparking Crisis
Even a threat of a hearing may prompt clients to "lose confidence" in an institution and even "cause a run" on a bank, one expert says.
SEC, FINRA, CFPB Enforcement: BofA Busted for Illegal Credit Card Practices
In other actions, Hewlett-Packard will have to pay $108 million to settle SEC and DOJ charges of FCPA violations.
Hefty Penalties Hardly Make JPMorgan Flinch
The past year was a tough one for JPMorgan Chase: The bank had to fork over close to $20 billion in penalties that were levied by various regulators.
Regulators Approve Volcker Rule, the Core of Dodd-Frank
The Fed and FDIC unanimously vote to adopt the rule, which adds tough new restrictions on banks.
Reporting Elder Scams Doesn’t Break Privacy Law
Seven federal agencies issued guidance Tuesday clarifying that the privacy provisions of the Gramm-Leach-Bliley Act generally permit reporting of suspected elder financial abuse.
TD Bank to Pay SEC $15M for Aiding Ponzi Schemer
The SEC on Monday charged TD Bank and a former executive in connection with a massive scheme by Scott Rothstein, who is in prison.