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The real losers would be the biggest banks, the holders of second liens, not investors in first mortgages. Those investors might come out ahead, and homeowners and municipalities certainly would.
July 11
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The new message focuses on a targeted approach to repealing certain provisions — rather than the whole law — and trying to convince everyday Americans they too will suffer the consequences of new rules for the financial industry.
July 10 -
Dodd-Frank rules on swaps can move forward now that the U.S. Commodity Futures Trading Commission voted on the definition of such trades.
July 10 -
Architects of the emerging mobile-payments industry may not have bargained on potentially significant regulations some legal experts are envisioning for it.
July 10 -
Federal bank regulators Tuesday recommended that financial institutions take special precaution when using third-party cloud computing services.
July 10 -
The House voted unanimously late Monday to repeal the nearly 20-year-old requirement that automated teller machines have physical placards notifying users of fees.
July 10 -
Sen. Carl Levin's investigations subcommittee plans to use British bank as example of money-laundering risks that face big global banks.
July 10 -
WASHINGTON – The House easily approved a bill July 9 that would eliminate the requirement for the on-machine second fee disclosure at ATMs, the source of a growing number of legal claims against deployers of the machines.
July 10 -
Senate Banking Committee chairman raises concerns about growing scandal and says lawmakers may question top U.S. officials on the matter later this month.
July 10 -
Fifth Third Bancorp (FITB) said that it will use available cash to redeem $862.5 million in outstanding trust-preferred securities next month.
July 10
