Tag: Finance

Democrats want to highlight banks' misdeeds to defend against the Republican effort to stop a new rule that would ease class-action lawsuits against banks. (AP Photo/Matt Rourke)

Democrats call for hearings on Wells Fargo fake accounts, auto insurance scandals

Joseph Lawler · August 1, 2017 8:59 pm

Keith Noreika, acting comptroller of the currency, said he is concerned that the new rule could have unintended consequences. (Andrew Harrer/Bloomberg)

CFPB class-action rule may be straw that broke camel’s back for banks, regulator says

Joseph Lawler · July 31, 2017 4:53 pm

Republicans do the bidding of Wall Street at their own peril. (iStock by Getty Images)

Republicans beware: Your voters like tough rules on Wall Street

Robert Carpenter · July 31, 2017 4:01 am

Treasury Secretary Steven Mnuchin told lawmakers the rule needed to be revised to simplify it and to address the overlap among the five agencies tasked with enforcing it. (AP Photo/Manuel Balce Ceneta)

Revision of Volcker Rule is underway, Mnuchin says

Joseph Lawler · July 27, 2017 3:47 pm

Lawmakers voted to undo the agency's rule that restricts banks and other financial firms from preventing customers from joining in class-action lawsuits. (AP Photo/Steve Helber, File)

House votes to cancel CFPB rule favoring class-action suits in finance

Joseph Lawler · July 25, 2017 9:06 pm

The White House indicated Trump would sign the resolution, saying the "harmful rule would benefit trial lawyers by increasing frivolous class-action lawsuits." (AP Photo/Jacquelyn Martin)

House moves to kill CFPB rule supporting class-action lawsuits against financial firms

Joseph Lawler · July 24, 2017 11:07 pm

The CFPB on Tuesday announced a final rule that would lower most credit card late fees to $8. (Flickr)

Democrats: CFPB has saved $12 billion for consumers, mostly through controversial power

Joseph Lawler · July 24, 2017 4:52 pm

The problem, according to lobbyists, is that regulators, especially ones physically located within banks, have expanded power under the post-crisis laws to intervene in bank business, to weigh in on board decisions, and to shape strategies.

Trump, GOP want regulators out of boardrooms

Joseph Lawler · July 24, 2017 4:01 am

"You can't win a fight that you don't enter." (AP Photo/Steve Helber, File)

Consumer advocates back CFPB gamble on class-action suits

Joseph Lawler · July 21, 2017 8:25 pm

Republicans hope to stop the bureau from liberalizing class-action lawsuits for financial products. (Graeme Jennings/Examiner)

Republicans launch Congressional Review Act challenge to CFPB class-action rule

Joseph Lawler · July 20, 2017 2:41 pm

Senate Banking Committee will consider Joseph Otting, the nominee to be the comptroller of the Currency, and Randal Quarles, tapped to be the vice chairman of supervision at the Federal Reserve. (AP Photo/Nick Ut)

Trump’s top banking nominees to get Senate hearing next week

Joseph Lawler · July 19, 2017 9:03 pm

Bill would determine which banks need more oversight based on a risk assessment rather than the current one-size-fits-all $50 billion asset threshold. (AP Photo/John Bazemore)

Bipartisan bill would give regulatory relief to regional banks

Joseph Lawler · July 19, 2017 8:07 pm