Topic: Richard Shelby

Senate financial reform talks snag on watchdog

WASHINGTON (Reuters) - Bipartisan agreement in the Senate on financial reform hit a snag on how much power to give a consumer watchdog office being proposed by Democrats, with marathon talks resuming on Sunday." BILL MAY NARROW The struggle in the Senate ...
Senate opposition to Fed thaws; central bank might retain some regulatory powers The Federal Reserve, once in danger of being stripped of its bank supervision powers by the Senate, is getting a second look from key lawmakers amid a new flurry of ...

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 ...

Financial reform bill seen next week in Senate

WASHINGTON/PANAMA CITY (Reuters) - Efforts to tighten U.S. financial regulation advanced on Thursday, with a new bipartisan bill expected next week from two key senators who were working on it while traveling together in Panama.Senate Banking Committee Chairman Christopher Dodd, a Democrat, ...

Consumer watchdog agency a non-starter: Sen Corker

WASHINGTON (Reuters) - Senator Bob Corker said on Friday that creating a stand-alone U.S. financial consumer protection agency is among financial reform proposals that are "Corker said on Thursday that he would negotiate with Democrats on financial reform, taking the place of ...

GOP's Gregg sees progress on financial regulation

WASHINGTON (Reuters) - Republicans and Democrats in the Senate share common ground on financial regulation, but the White House's stance on how to protect consumers from banking abuses remains an obstacle to legislation, a top Republican senator said on Friday.Judd spoke a ...
Bankers seek to improve image as Senate talks on how to regulate them hit impasse Looking to douse public and congressional anger, chief executives at some of the biggest financial institutions are on a mission to repair their image and gain more ...

Dodd says bipartisan financial reform at an impasse

WASHINGTON (Reuters) - Bipartisan efforts to tighten U.S. financial regulation ground to a halt in the Senate on Friday, leaving Democrats to proceed on their own and painting Republicans into an uncomfortable political corner.After months of public debate and closed-door talks, Senate ...
Key Democrat and Republican expect Wall Street regulation bill next monthThe top Senate Democrat and Republican negotiating new Wall Street regulation said Wednesday they expect to resolve their differences before the end of January, an optimistic outlook for a bill that had ...
McCain backs bills that would split up big banks as Senate looks at consumer agency compromiseTwo senators, one from each party, called Wednesday for breaking up large financial firms that perform both commercial and investment banking, adding a wrinkle to already difficult ...