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Senator Christopher Dodd wants to create the greatest single debacle in the history of US financial market and bank regulation. Full Article at The Business Insider
Related Articles
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That’s what Senator Dodd’s proposal is. He wants to create an entirely new regulatory agency to replace the Fed (a good idea) and the FDIC (a bad idea). Full Article at The Big Picture
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WASHINGTON (Reuters) - U.S. Senate Banking Committee Chairman Christopher Dodd said on Wednesday he hoped to move a financial reform bill out of committee by early December adding it would contain a consumer protection provision. Full Article at The Washington Post
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The legislation, which is still being finalized, would consolidate federal responsibility for banking oversight, now assigned to four agencies, into a single regulator. Full Article at The Washington Post
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The legislation, which is still being finalized, would consolidate federal responsibility for banking oversight, now assigned to four different agencies, into a single regulator. Full Article at The Washington Post
Related Quotes
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My hope is to be able to finish a mark-up of our bill sometime the end of this month, the early part of next month
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I don't have any question that it will be finished by the first week of December
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I want Elizabeth Warren to be the first head of this agency
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While community banks always seek to treat customers honestly, the same expectations must hold true in reverse: customers should not — and generally do not — expect a free pass when a bank covers their overdrafts
SOURCE: WNYW | Fox 5 New York
