Senators at Odds Over Cordray’s CFPB Nomination
Members of the Senate Banking Committee were at odds on Tuesday as to whether Richard Cordray is qualified to be the first director of the Consumer Financial Protection Bureau.
Obama Signs Debt Bill; Vows ‘Everything on Table’ for Future Talks
After the Senate passed the bill, 74-26, on Tuesday, President Obama signed the bill into law and said that deficit reduction would need a 'balanced approach' to succeed.
Dodd-Frank—One Year Later
With the recent one-year anniversary of the Dodd-Frank Act on July 21, members of Congress as well as industry officials have been reflecting on the law’s effects—for good or ill.
CFA Dodd-Frank Report: Law's Fate 'Hangs in the Balance'
The CFA released a Dodd-Frank progress report on Wednesday warning that further progress in implementing the law is threatened, in part, by congressional efforts to defund regulators.
In Senate, Battle Over New Consumer Protection Agency Continues
Two days before the agency is set to open its doors, GOP says it will block confirmation of CFPB chief until it gets a more ‘accountable’ structure.
House, Senate GOP Blast Dodd-Frank on Jobs, Capital Flight
Republicans voiced concern about economic impact of Dodd-Frank on U.S. competitiveness.
CFA to Congress: Cost-Benefit Analysis Will Hamstring SEC's Fiduciary Rulemaking Process
The CFA tells Congress that a further cost-benefit analysis on fiduciary duty rule will stall SEC's rulemaking process; but SEC's Schapiro told AdvisorOne recently that lawmakers' cost-benefit requests "haven't changed anything" regarding how the SEC already writes rules.
Sen. Tim Johnson Says Dismantling Dodd-Frank Is ‘Dangerous’
At a hearing conducted Tuesday by the Senate Committee on Banking, Housing, and Urban Affairs, the committee's Democratic chairman Tim Johnson, D-S.D., said that tearing down the Dodd-Frank reform law of 2010 "would be dangerous and irresponsible."
Senator Shelby Not Swayed by Fed Nominee's Nobel Prize
Sen. Richard Shelby, the highest-ranking Republican on the Senate Banking Committee, said he plans to oppose the Massachusetts Institute of Technology professor's nomination to the Fed for a third time.
Dodd-Frank Slowdown Would Not Ease SEC's Budget Woes, Schapiro Tells Senate
SEC chief refutes Senate Republicans' claim that putting the brakes on approving Dodd-Frank rule proposals with a more "rigorous" analysis would save the SEC money.