Rep. Garrett to FINRA: Hold Off on CARDS
“After a preliminary reading of the proposed rule, I remain far from convinced that this new, costly and burdensome proposal is needed,” Rep. Garrett says.
Top Portfolio Products: Incapital Launches Farmer Mac Notes Program
Meanwhile, a new partnership between PwC and Salesforce.com allows wealth managers to use the cloud for numerous functions.
Dodd-Frank’s FSOC Under Fire as Americans Push for Wall Street Crackdown
Just as a poll shows Americans back tough regulations on Wall Street, regulators and lawmakers continue to sharply criticize the Financial Stability Oversight Council.
7 Ways to Invest With Impact
For some investors, social results can be as important as profits.
Bill Forcing SEC to Parse Costs of Rulemaking Advances in House
The SEC, in a bill introduced by Rep. Scott Garrett, R-N.J., and in accordance with Obama’s executive order, would have to conduct robust cost-benefit analysis on each new rule.
FHA Reserves Hit Bottom, but Rebound Expected
Acting FHA Commissioner Carol Galante told reporters on Tuesday that “while the FHA is facing the most severe economic conditions,” the FHA’s “Mutual Mortgage Insurance (MMI) fund capital balance remains in positive territory and its programs are actuarially sound.”
Rep. Garrett Prods GAO to Study SIPC Trustee's Handling of Madoff Liquidation
Rep. Scott Garrett, chairman of the House Financial Services Subcommittee on Capital Markets, is calling on the GAO to investigate SIPC Trustee Irving Picard’s handling of the Madoff liquidation, as well as the SEC's oversight of the matter.
Scott Garrett, House Financial Services Subcommittee: The Extended 2011 IA 25 Profile
Since taking the helm of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises in January, Rep. Scott Garrett’s goals have been clear.
House GOP Members Issue Second Round of Fannie, Freddie Reform
Republican members of the House Financial Services Committee introduced Friday seven bills as the second round of legislation to reform government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.
Drawbacks of Dodd-Frank Whistleblower Rules Debated at House Hearing
Members of the House Financial Services Subcommittee on Capital Markets debated Wednesday whether the Whistleblower rules enacted under Dodd-Frank would create “unintended consequences” and spark a slew of whistleblowers running to the SEC for financial gain.