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House Judiciary Committee Chairman Bob Goodlatte aid that the legislation "will better equip our bankruptcy laws to resolve failing firms, while also encouraging greater private counter-party diligence in order to reduce the likelihood of another financial crisis."
Economy

House votes to create new bankruptcy rules for banks

Joseph Lawler -
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Measure a step toward preparing a new system to prevent chaotic bank failures that prompted taxpayer bailouts. (AP Photo/Mark Lennihan, file)
Economy

Bill to create section of bankruptcy code for banks advances in House

Joseph Lawler -
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The Federal Reserve and Federal Deposit Insurance Corporation announced that the
Economy

Regional banks get passing grade on their ‘living wills’

Joseph Lawler -
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Business

SBA nominee McMahon’s bout with bankruptcy

Sean Higgins -
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Corzine has to pay the fine out of his own pocket to resolve the long-running probe. (AP Photo/Susan Walsh,File)
Economy

Regulators fine former NJ governor Corzine $5 million in bankruptcy case

Joseph Lawler -
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As Goes Puerto Rico So Go the States?

As Goes Puerto Rico So Go the States?

Ike Brannon -
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One of the principal tasks of the board will likely be restructuring the island's $70 billion in outstanding debt. (AP Photo/Ricardo Arduengo, File)
Economy

Obama announces picks for Puerto Rico oversight board

Susan Ferrechio -
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Economy

Treasury: Crisis in Puerto Rico if Senate fails to pass bill by Friday

Gabriella Ciuffetelli -
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The legislative language fleshes out the outline already introduced by the Financial Services Committee and its chairman, Jeb Hensarling. (AP Photo)
Economy

GOP releases text for Dodd-Frank replacement

Joseph Lawler -
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Federal Reserve Chairwoman Janet Yellen said that banks will face the possibility of tougher requirements if they have not fixed the shortcomings in their
Economy

Yellen warns banks: ‘There will be consequences’ after October deadline

Joseph Lawler -
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