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The Financial Stability Oversight Council put a careful foot forward Thursday on the path of designating the asset management industry as a potential economic threat.
December 18 -
Federal regulators announced Thursday that they are delaying implementation of certain aspects of the Volcker Rule's prohibition on bank ownership of private equity and hedge funds, giving institutions an additional two years to comply.
December 18 -
The repeal of the swaps push-out provision will reduce banks' operational costs, but it makes little difference in terms of increasing the size of the government safety net. The reason: with or without the rule, the government protects the swaps contracts of the largest institutions.
December 18
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WASHINGTON A top White House adviser said President Obama will not allow any further amendments to be made to the Dodd-Frank Act through spending packages.
December 18 -
Big banks have successfully reversed a Dodd-Frank provision that would have required them to move swaps from their FDIC-insured depository institutions into uninsured subsidiaries. But in so doing, they have inadvertently thrust the issue of implicit subsidies back into the spotlight.
December 18
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The CFPB sued Sprint on Wednesday, claiming it allowed illegal charges onto customer's cell phone bills. The case is likely to be a test of whether the agency has the power to oversee telecommunications firms.
December 17 -
WASHINGTON The Federal Deposit Insurance Corp. on Wednesday offered additional guidance to firms drafting resolution plans, this time focusing on strategies for cleaning up large subsidiaries.
December 17 -
Size-based regulation is designed to curb banks' appetite for growth. This will affect every operational and strategic decision that banks make going forward.
December 16
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It was a year ago that regulators finalized the rule banning proprietary trading. But complying with the rule is still very much a work in progress.
December 15 -
A controversial plan to reform the bankruptcy code would shift the balance of power between debtors and creditors, resulting in extensive but difficult to forecast changes to the banking industry.
December 15 -
On its face, the House vote late Thursday to approve a spending bill that included an unrelated provision written by Citigroup was a big legislative victory for the bank and its fellow Wall Street behemoths. Yet its also a victory that comes at a high price.
December 11 -
The House narrowly passed a massive $1.1 trillion spending plan Thursday night, moving the bill to the Senate, where the fight over a Dodd-Frank Act derivatives measure is likely to continue.
December 11 -
The House unanimously approved a measure Wednesday night clarifying the Federal Reserve's ability to set separate capital standards for systemically important insurers.
December 11 -
The House approved an extension of the Terrorism Risk Insurance Act on Wednesday by a wide margin, but the financial industry is also poised to win several other possible legislative battles this week.
December 10 -
For too long, both companies and regulators have bought into a narrative that makes the financial industry dependent on the government for rescues and direction. Its time to pen a new plot.
December 9
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Banks that collect their own debt are certain that the CFPB plans to ratchet up its regulation of their activities. But it's unclear how the CFPB plans to do this, and some question whether the bureau has the authority to do it at all.
December 8 -
The House passed an enhanced bankruptcy bill for large banks earlier this week, teeing up what's likely to be a broader and more contentious debate over the issue next year.
December 3 -
The comptroller of the currency said regulators will act before the end of a mandated review of potentially outdated rules "when a solid case has been made for reform."
December 2 -
A new study suggests that most consumers only waive their right to sue companies in court and participate in class actions because they don't understand the contracts they're signing.
December 2
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The House approved a bill late Monday that would set up a framework for large failing banks to go through the bankruptcy process.
December 2





