Congress Will Punt Student Loan Rate Fix to CFPB: Washington Analysis
Analysts at Washington Analysis said Monday that they believed “Congress will not move forward with legislation aimed at private student loans.” Rather, they “expect the CFPB will eventually develop private student loan servicing standards.”
White Sworn In as SEC Chief; Walter, Paredes Likely Leaving SEC Soon
Interim Chairwoman Elisse Walter will remain at the agency as a commissioner, but it doesn't look like she'll be there for long, David Tittsworth of IAA said.
4 Ways to Repeat the Mortgage Mess: Peter Wallison
Peter Wallison decries Washington's latest “fix” to prevent another repeat of the housing market collapse.
Top Regulators to Testify on Dodd-Frank Progress
The nation’s top financial regulators will testify before the Senate Banking Committee on Thursday regarding the progress of the Dodd-Frank Act.
SEC Names Hoecker Inspector General
The SEC announced Tuesday that it has named Carl W. Hoecker as its Inspector General. Hoecker currently serves as inspector general for the U.S. Capitol Police and will replace David Kotz, who left the SEC last year.
Three Washington Heavyweights to Drive Advisor Agenda in ’13
Three key Washington heavyweights will have a crucial role in advisors’ lives next year: Elisse Walter, the new SEC chairman; Rep. Jeb Hensarling, the incoming House Financial Services chairman; and Phyllis Borzi, at the DOL’s EBSA.
CFPB Orders Amex Units to Repay $85M on Illegal Practices
The CFPB says the companies violated consumer protection laws “at every stage” that ranged from marketing practices to enrollment, payment and debt collection.
New York on Solid Ground to Sanction Standard Chartered, Experts Say
Experts in the U.S. and abroad say that the bank's internal e-mails give the New York regulator a basis for its unilateral action.
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.
New Hire Roundup: Feldman Named Gold Bullion CEO
This week in new hires, Steven Feldman was named CEO and Eric Schwartz was made chairman of the board at Gold Bullion International, and United Capital brought in three new management team members.