Financial Reform News

Date Title
Jul 29, 2010 How Financial Reform Produced an Army of New Lobbyists - Daniel Indiviglio, The Atlantic

Summary: "This might come as a shock to anyone who isn't a Washington insider: the big, broad financial reform bill will actually increase the presence of lobbyists on Capital Hill going forward."
Jul 29, 2010 Opinion - Financial reform czar: Three skills she'll need to succeed - Paul Light, Washington Post

Summary: "The first director of the newly created Bureau of Consumer Financial Protection will have one of the toughest jobs in government."
Jul 28, 2010 Ex-Financial Regulators Get Set to Lobby Agencies - Andrew Ross Sorkin, New York Times

Summary: "As the battle over toughened financial restrictions moves to a new front, the regulatory agencies that will create hundreds of new rules for the nation’s banks will face a lobbying blitz from companies intent on softening the blow."
Jul 28, 2010 Fannie, Freddie jump as housing-reform push starts - Alistair Barr, MarketWatch

Summary: "Fannie Mae and Freddie Mac shares jumped Tuesday as a push to reform the U.S. housing-finance system got underway."
Jul 27, 2010 The Eleven Pens of Barack Obama - Danny Schechter, Huffington Post

Summary: "With eleven pens for souvenirs, President Obama signed the financial reform bill in a rare celebratory moment."
Jul 27, 2010 White House wants a housing fix - Colin Barr, Fortune

Summary: "Efforts to find a fix for America's $5 trillion housing problem are creeping forward."
Jul 27, 2010 Treasury's international policy chief on Chinese currency and U.S. financial reform - Howard Schneider, Washington Post

Summary: "The United States is carefully monitoring "how far and how fast" China's currency appreciates, Lael Brainard, undersecretary of the Treasury for international affairs, told a lunchtime crowd at the Peterson Institute for International Economics."
Jul 26, 2010 Opinion: Come Blow Your Horn to the S.E.C. - Peter J. Henning, The New York Times

Summary: "The Dodd-Frank Act, which just became law, strengthens the authority of the Securities and Exchange Commission to regulate complex securities, like credit default swaps, and broadens oversight of hedge funds that control billions of dollars of assets."
Jul 23, 2010 Key lieutenants behind scenes ensured passage of financial regulation overhaul - Renae Merle, Washington Post

Summary: "Behind President Obama's victory, crowned with his signing of the bill Wednesday, were a few key, but little-known lieutenants who helped develop the strategy, waged a public relations campaign to fight off critics and negotiated last-minute deals to secure the bill's passage."
Jul 22, 2010 SEC proposes to tighten rules on 12b-1 mutual fund fees - Zachary A. Goldfarb, Washington Post

Summary: "Are mutual funds overcharging investors?"
Jul 22, 2010 As financial reform becomes law, SEC emerges with new powers and duties - Zachary A. Goldfarb, Washington Post

Summary: "The financial regulation law signed by President Obama on Wednesday will arguably affect no federal agency more than it does the Securities and Exchange Commission."
Jul 22, 2010 President Obama signs Wall Street reform bill - Carrie Budoff Brown and Kendra Marr, Politico

Summary: "Almost two years after the near collapse of the American economy, President Barack Obama signed into law on Wednesday a historic rewriting of the regulations governing the nation’s financial system and declared the end of an era of antiquated rules that left Americans vulnerable."
Jul 22, 2010 Opinion: With Banking, Question Everything - By Simon Johnson, The New York Times

Summary: "President Obama’s signing of the financial reform bill on Wednesday does not end our intense debates over banking."
Jul 22, 2010 Blog: The Dodd-Frank Bill - What People Are Saying and Why Most Are Wrong - Seeking Alpha

Summary: "The looming enactment of the misbegotten Dodd-Frank bill, all 2,300-plus pages of it, may count as a legislative victory for the White House and Democrats in Congress, but evidence that it’s a political victory is scant."
Jul 22, 2010 Anything Less Than Elizabeth Would Be Un-Warren-ted - David Weidner, Wall Street Journal

Summary: "Do you hear music? Financial reform is the law of the land, but its success is hardly a matter of simply signing the document."
Jul 22, 2010 Opinion: Obama should nominate Elizabeth Warren to lead new consumer protection bureau - Michelle Singletary, Washington Post

Summary: "Barack Obama promised enormous change in how our government was run when he was elected president."
Jul 22, 2010 Battle brews over director for new Consumer Financial Protection Bureau - Jim Puzzanghera, Los Angeles Times

Summary: "President Obama reversed decades of lax oversight of the financial industry Wednesday by signing a landmark overhaul of regulations, but he still faces a major task — appointing a director for the powerful new agency charged with protecting consumers from unscrupulous deals."
Jul 21, 2010 Obama Signs Financial-Regulation Bill - Victoria McGrane, Wall Street Journal

Summary: "President Barack Obama on Wednesday signed into law the most sweeping overhaul of U.S. financial-market regulations since the Great Depression, marking the conclusion of an effort to craft a legislative response to the 2008 financial crisis."
Jul 21, 2010 German government opposes Neal's reinsurance bill - Jay Heflin, The Hill

Summary: "The German government has come out opposing legislation by Rep. Richard Neal (D-Mass.) that limits tax deductions for reinsurers that transfer large portions of premiums paid in the U.S. offshore."
Jul 21, 2010 European Stress Tests Said to Outline Three Scenarios - Meera Louis and Jann Bettinga, Bloomberg

Summary: "European regulators plan to detail three scenarios when they publish the results of their stress tests on the region’s banks this week, according to a document by the Committee of European Banking Supervisors."