Topic: Consumer Financial Protection Agency

Other industries that escaped the scrutiny of the consumer financial protection bureauAuto dealers and community banks are central to consumer finance. Millions of Americans will be affected because they escaped oversight by the new Consumer Financial Protection Bureau. But they're not the ...

Dodd: Watchdog must make rules, enforce them

WASHINGTON (Reuters) - Senator Christopher Dodd, chief negotiator for the Democrats in talks on a bipartisan financial reform bill in the Senate, on Thursday called for creating a new government ""A lot of attention is being paid to what address the new ...

Sen Shelby counters on financial consumer watchdog

WASHINGTON (Reuters) - A senior Republican U.S. senator has made at least two counter-offers to Democrats on creating a new government watchdog for financial consumers, Reuters learned on Monday from aides and documents.Senator Richard Shelby proposed making the watchdog a division of ...

Financial reform compromise rebuffed in Senate

WASHINGTON (Reuters) - Marathon negotiations in the Senate on financial regulatory reform were set to continue on Sunday with a renewed focus on financial consumer protections after key Republicans rejected a compromise offer from the banking committee chairman.Sources told Reuters Saturday night ...

Deal on financial reform bill near in Senate

WASHINGTON (Reuters) - A bipartisan agreement on financial regulation reform was close at hand on Thursday in the Senate, with lawmakers working to overcome a key obstacle -- creating a new financial consumer watchdog.Democratic Senator Christopher Dodd, committee chairman, and top committee ...

Consumer watchdog threatens financial reform

WASHINGTON (Reuters) - A fight over an Obama administration proposal to create a new U.S. watchdog for consumer financial products threatened on Friday to derail progress toward tighter bank and capital market regulation, amid much posturing on both sides.The White House must ...

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 ...

Senate panel moves to muzzle consumer watchdog

WASHINGTON (Reuters) - The Obama administration's proposal to create a new U.S. agency to protect financial consumers is fast losing support in the U.S. Senate Banking Committee, said lobbyists and analysts on Tuesday.In a potential setback for the White House, committee members ...

Senator Dodd's exit roils financial reform

WASHINGTON (Reuters) - How Senator Christopher Dodd handles his final months in office is suddenly the big question surrounding U.S. efforts to tighten financial regulation, with some analysts now expecting a more moderate reform.The Democratic chairman of the Senate Banking Committee -- ...

FDIC's Bair sees consensus on "too big to fail"

CHICAGO (Reuters) - Key officials and lawmakers are reaching a " growing consensus" on the need for a strong mechanism that would allow the government to dismantle troubled financial giants, the chairman of the Federal Deposit Insurance Corp said on Monday.Sheila Bair ...
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