Dodd-Frank financial reform mandated a study on what Americans understand about investments. The results weren’t pretty.
Dodd-Frank
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Money Talking: Could Dodd-Frank Fix the Financial Sector?
On this week’s edition of WNYC’s Money Talking, Rana Foroohar of Time and Joe Nocera of the New York Times weigh in on whether the Dodd-Frank financial reform law would have prevented the financial snafus that have plagued the banking sector recently.
“Not Unless the Earth Gets Struck by the Moon” and Other Highlights from Jamie Dimon’s House Hearing
Jamie Dimon returned to Capitol Hill yesterday for round two of his congressional testimony concerning JPMorgan’s springtime trading fiasco.
Wednesday at 10:00 a.m.: The Public Whipping of Jamie Dimon
It’s one of the few things Congress is demonstrably good at these days: the open flagellation of American businessmen. The unprecedented sums of money doled out by Congress to private industry since 2008 has given Congress the …
FBI Launches JPMorgan Probe as Dimon Keeps $23M Pay Package
The FBI has opened a probe of JPMorgan’s $2 billion botched trade, which has wiped out nearly $20 billion in shareholder equity and renewed calls for more aggressive regulation of Wall Street. News of the federal probe, which was …
What Happens When the Next Too-Big-to-Fail Bank Goes Under?
One of the great thorns in the side of the American public is that the too-big-to-fail banks that were the cause of the financial crisis are still around today. They are employing many of the same people and paying dividends to …
Swipe Fee Caps Are Here — So Where Are the Savings?
One of the most contentious parts of the Dodd-Frank financial reform legislation enacted in the wake of the credit crisis was the Durbin Amendment. You may not know it by name, but you know its primary effect: higher bank fees. …
How Service Contracts Rob You of Your Rights (and What the CFPB Is Doing About It)
While you’ve been pretending to read the fine print on everything from your cell phone contract to your Starbucks card, companies have been slipping in legalese that robs you of your rights. A little-understood but rapidly expanding practice called “mandatory arbitration” is replacing your right to sue a company in court — a right many …
Break Up The Banks! Dallas Fed President Calls for The End of “Too Big To Fail”
Since 2008, there have been plenty of calls to forcibly dismantle the “Too Big To Fail” (TBTF) Banks, but few of those calls have come from those in positions of real power. But the Dallas Federal Reserve Bank President, …
Occupy the SEC: Moving From the Campsite to the Weeds of Regulatory Reform
The surest way to rankle a supporter of the Occupy Wall Street movement is to repeat the common claim that the movement has no defined goals, a criticism that has dogged the group since its inception. But last week an offshoot of …
Paul Volcker Defends Eponymous Rule
Though the Dodd-Frank Wall Street reform act was passed way back 2010, much of the law remains to be implemented. One reason for the lag between passage of laws and their implementation is that when federal agencies propose new …
Study: If Would-Be Home Buyers Have to Put 20% Down, 60% of Them Ain’t Buying
To prevent a repeat of the housing debacle of 2007-2010, when some 5 million homes were lost to foreclosure, federal agencies are considering a mandate that would require borrowers to put 20% down before being OK’d for certain …
