Topic: Barney Frank

The US Senate gave final approval to the most sweeping rewrite of Wall Street rules since the Great Depression of the 1930s, handing President Barack Obama a legacy-shaping political victory. Obama, due to sign the 2,300-page bill into law next week, promised ...

Lawmakers urge guidance for clean energy loans

WASHINGTON (Reuters) - Two influential Democratic lawmakers warned on Friday that Fannie Mae and Freddie Mac could derail a $150 million clean-energy home-financing program and urged the Obama administration to rectify the problem with new regulatory guidance. Rep. Barney Frank, chairman of ...
US President Barack Obama held a strategy session Friday with the two key lawmakers tasked with shepherding a sweeping financial regulatory overhaul bill to his desk in a matter of weeks. Obama, who has made enacting the measure his top domestic goal, ...

Rep. Frank shuns staffer for cashing in on reform

WASHINGTON (Reuters) - U.S. lawmaker Barney Frank, a chief architect of financial reform, issued a warning on Thursday to those crafting new rules to straighten up the banks and financial markets: don't be looking to cash in anytime soon. Frank, chairman of ...

House GOP calls for Fannie, Freddie phase out

WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to ...

Frank backs Dodd on financial consumer watchdog

WASHINGTON (Reuters) - A senior U.S. lawmaker on Tuesday expressed support for Senate Banking Committee Chairman Christopher Dodd's commitment to pursue a proposal to establish an independent financial consumer watchdog agency. "I welcome Senator Dodd's intention to fight to preserve an independent ...

Financial reform talks break down in Senate

WASHINGTON (Reuters) - Bipartisan efforts on Capitol Hill to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.After months of public debate ...

Frank: Fed's Role in AIG 'Troubling'

By Alison Vekshin and Peter Cook[Bloomberg] -- Representative Barney Frank said the Federal Reserve Bank of New York's 2008 order to American International Group Inc. (AIG) to suppress disclosures of bank payments is " "To the extent that there were problems in ...

Banks sense danger, warn Congress on breakup power

WASHINGTON (Reuters) - Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.The Financial Services Forum, a lobbying group ...
Frank floats plan to give TARP-related loans to unemployed homeowners who can't pay mortgageRep. Barney Frank said Monday he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed ...
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