Regulators to update Congress on financial revamp
WASHINGTON — Ben Bernanke and other regulators are updating Congress about their efforts to carry out the biggest overhaul of the nation’s financial rules since the Great Depression. In prepared...
View ArticleFuture, authority of new consumer agency in doubt
A brand new federal agency tasked with regulating the nation’s consumer financial industry – including everything from debt collection practices to mandatory arbitration clauses in consumer contracts –...
View ArticleFDIC now requires large banks to show how they would wind down if failing
WASHINGTON — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0...
View ArticleRegulators urge SEC to propose fund changes
WASHINGTON — A group of federal regulators is urging the Securities and Exchange Commission to adopt stricter rules for money-market mutual funds. The Financial Stability Oversight Council issued the...
View ArticleUS financial regulatory group seeks more openness
A group of U.S. regulators has adopted rules intended to make its deliberations more open as it monitors threats to the financial system.
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