Topic: Barney Frank
WASHINGTON (Reuters) - Two Democratic lawmakers on Thursday introduced legislation that could speed up the implementation date of new credit card rules by nearly three months.Representatives Carolyn Maloney and Barney Frank cited reports that interest rates have spiked as credit card issuers ...
WASHINGTON (Reuters) - An Obama administration proposal to create a government watchdog for financial consumers inched forward in Congress on Wednesday, with House Financial Services Chairman Barney Frank calling for " death panels" to close down troubled financial firms.Treasury Secretary Timothy Geithner, ...
WASHINGTON (Reuters) - U.S. lawmakers on Wednesday dismissed bank regulators' calls to preserve their consumer protection duties, saying their dismal track record reinforces the argument for a powerful new independent agency. "It seems like a new interest for you," Barney Frank, chairman ...
WASHINGTON (Reuters) - The Congress' chief author of financial regulatory reform moved on Tuesday to kill the most controversial part of an Obama administration proposal for a new government watchdog for financial consumers.Banks would not be required to offer so-called " plain ...
WASHINGTON (Reuters) - U.S. lawmaker Barney Frank is making key changes to the White House plan for an agency to protect consumers from risky financial products, according to a congressional document obtained by Reuters on Tuesday.Financial firms will not be required to ...
WASHINGTON (Reuters) - The U.S. Congress' two top legislators on financial reform stressed their points of agreement on Tuesday, despite lingering differences and a prediction from one that the reform debate may be prolonged.Senate Banking Committee Chairman Christopher Dodd said he wants ...
Congress expected to reject Obama's proposed mandate that banks offer 'plain vanilla' productsCongress is expected to reject President Barack Obama's proposed mandate that banks offer customers " Loans with low introductory rates that suddenly ballooned in size prompted defaults by cash-strapped homeowners.Under ...
Rep. Frank lashes out at protester at Mass. meeting who held poster depicting Obama as HitlerRep. Barney Frank lashed out at protester who held a poster depicting President Barack Obama with a Hitler-style mustache during a heated town hall meeting on federal ...
Limit those bonuses, House votes, in measure aimed at restraining risky Wall Street behaviorBowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the ...
House panel votes to prohibit financial firms from offering pay packages that encourage riskA House panel voted Tuesday to prohibit large financial firms from offering corporate pay packages that encourage executives to take big risks, going further than what President Barack Obama ...