What a GOP Senate Takeover Means for Dodd-Frank, CFPB, User Fees
AEI's Peter Wallison and others weigh in on what it will mean for advisors if Republicans dominate the midterm elections.
Senators Vow More Work on Housing After Voting to Wind Down Fannie, Freddie
Members of the Senate Banking Committee said they’d keep working to overhaul the housing finance system after casting a narrow vote to advance the bill.
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.
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.
Senate Banking Aide: Committee Has ‘No Interest’ in Bill to Block Fiduciary Rules
Wagner bill passes House, but Senate Banking's Johnson says he won't focus on any bill "the president clearly has no interest in signing."
GAO Suggests Requiring RIA Advice for Accredited Investors
A GAO study recommends that the SEC require more liquid investments in private offerings — or the use of an RIA for guidance — as preferred means of protecting accredited investors.
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.”
Senate Banking to Hold Confirmation Hearing for New SEC Commissioners
The Senate Banking Committee will hold a confirmation hearing Monday for President Obama’s SEC nominees, Kara Stein and Michael Piwowar.
NARAB II Bill Clears Senate Banking Committee
The bill would establish the National Association of Registered Agents and Brokers, a nonprofit, independent board to provide a mechanism for multistate licensing for insurance producers
Obama Names Replacements for SEC’s Walter, Paredes
Kara Stein of Sen. Jack Reed’s office will replace Walter, while Senate Banking economist Mike Piwowar will replace Paredes.