Tag: Finance

Fed to vote next week on rewriting Volcker Rule

Joseph Lawler · May 23, 2018 8:55 pm

A woman enters an All American Check Cashing location in Brandon, Miss., Friday, May 12, 2017. The Mississippi Department of Banking and Consumer Finance issued an order Thursday, May 11, revoking 75 licenses held by All American, one of the state's largest payday lenders, ordering an immediate stop to new loans. The company must pay fines of $1.58 million and refunds to at least 700 customers.

Feds open door to more bank competition with payday lenders

Joseph Lawler · May 23, 2018 7:39 pm

Republicans warn Fannie and Freddie are growing, not shrinking

Joseph Lawler · May 23, 2018 4:29 pm

House Majority Leader Kevin McCarthy of Calif., and House Speaker Paul Ryan of Wis., pause as Rep. Tom Graves, R-Ga., speaks during a news conference on Capitol Hill.

House GOP pushing for more CFPB reforms, changes to Volcker rule

Joseph Lawler · May 23, 2018 2:54 pm

This photo taken July 23, 2013, show the U.S. Capitol in Washington. Congress returns to work this week with a relatively short and simple agenda, vote to keep the government operating in the short term, then return home to campaign. National security threats from Islamic State militants and Russian aggression in Ukraine loom large, but September's session may be too short for lawmakers to do anything but talk about them.

Congress is wounding the Dodd-Frank snake, not killing it

Washington Examiner · May 23, 2018 12:03 am

Obamacare repeal and tax reform will take center stage next week in Congress. (iStock Photo)

Congress passes Dodd-Frank changes, but not the rewrite GOP wanted

Joseph Lawler · May 22, 2018 9:40 pm

41 percent couldn’t cover a $400 emergency — and that’s good news

Joseph Lawler · May 22, 2018 4:54 pm

Federal Deposit Insurance Corporation Chairman Martin Gruenberg speaks during a Financial Stability Oversight Council meeting at the Treasury Department in Washington.

Bank profits soar to record $56 billion on tax cuts

Joseph Lawler · May 22, 2018 4:01 pm

FILE - In this June 3, 2017 file photo, the coal-fired Plant Scherer, one of the nation's top carbon dioxide emitters, stands in the distance in Juliette, Ga. President Donald Trump's recent decision to pull the United States from the international climate deal reached in Paris was but the latest in a rapid-fire series of moves that would weaken or dismantle federal initiatives to reduce carbon emissions, which scientists say are heating the planet to levels that could have disastrous consequences.

Trump’s former climate adviser leads new investor group’s climate change pushback

John Siciliano · May 22, 2018 11:58 am

Average loss rates on credit card accounts at three of the largest U.S. banks, JPMorgan Chase, Bank of America, and Citigroup, may have reached 2.46 percent in the three months through December. (iStock)

Beltway Confidential

Fixing Dodd-Frank will help small banks and credit unions nationwide

Mattie Duppler · May 22, 2018 4:00 am

The Capitol is seen in Washington, Tuesday, March 6, 2018, as the Senate is preparing to roll back some of the safeguards Congress put into place after the financial crisis that rocked the U.S. a decade ago. Several Democrats facing tough re-elections this fall are joining solid Republican backing of an effort to alter some key aspects of the Dodd-Frank law.

Beltway Confidential

Congress’ Dodd-Frank fix is no fix at all

Diego Zuluaga · May 21, 2018 10:03 pm

Dr. Herbert Hodes

Citibank pays Sears $425 million to extend credit card partnership

Joe Williams · May 21, 2018 9:46 pm