Topic: U.S. Federal Reserve
Frank: Still favors independent financial watchdog
Reuters US Online Report Politics News
WASHINGTON (Reuters) - U.S. Representative Barney Frank, the Democratic chairman of a key House committee, said on Friday in a CNBC interview that he still favors establishing an independent agency on protecting financial consumers. A bill being debated in the Senate would put the consumer watchdog first proposed by President ...
Senate to remove "backdoor bailouts" from bill
Reuters US Online Report Business News
ORLANDO, Florida (Reuters) - The U.S. Senate Banking Committee will remove a provision from the financial reform bill that bank regulator Sheila Bair said could allow for "backdoor bailouts," a panel spokeswoman said on Friday. Sheila Bair, chairman of the Federal Deposit Insurance Corp, told a conference of community bankers ...
Lawmaker seeks records on Fed Board stock ownership
Reuters US Online Report Business News
WASHINGTON (Reuters) - The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board Chairman Stephen Friedman to hold and purchase stock in Goldman Sachs Gorup <GS.N ...
Time to end gouging
Las Vegas Sun
Federal Reserve Board should give consumers option to avoid costly overdraft fees One of the banking industryÕs dirty little secrets is the massive amount of money it makes each year in fees from customers who have overdrawn their accounts. The Center for Responsible Lending, a nonprofit consumer advocacy group in ...
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