Yellen Confirmed by Senate to Become Fed Chairman
Yellen, who will replace Bernanke after Jan. 31, will be the first woman to head the central bank in its 100-year history.
New Hire Roundup: American Century Names New Co-CIOs
Meanwhile, Nicholas Lance joined OneAmerica, and Sebastian Gomez Abero was tapped to lead the SEC Office of Small Business Policy.
SEC Nominees Support Changing ‘Neither Admit Nor Deny’ Policy
President Obama’s two SEC commissioner nominees voiced their support during their confirmation hearing Thursday for requiring admissions of guilt in some settlements.
House GOP Rejects Frank Measure for SEC Funding Boost
Republican members of the House Financial Services Committee rejected, 25-17, an amendment introduced by Rep. Barney Frank, D-Mass., that called for approving President Barack Obama’s proposed budget increase for the Securities and Exchange Commission in 2013.
House Financial Services Releases List of Democrats to Fill Six Subcommittees
Rep. Barney Frank, D-Mass., Ranking Member of the House Financial Services Committee, has announced the Committee’s six subcommittee Ranking Members along with the Democratic members of those committees.
Predatory Lenders Targeted by New Legislation
In response to financial market disarray and dire straits for many homeowners caused by the structured mortgage securitization frenzy of the past several years, three Congressional Representatives have introduced legislation which would protect borrowers from predatory mortgage lending practices, and reform the mortgage origination and securitization process.