Mar 11th, 2010 · The Senate Banking Committee chairman plans to offer his own financial regulation bill without GOP support after a month of talks with Republican Sen. Bob Corker found some common ground but didn't yield agreement on consumer protections and other sticking points.
Mar 11th, 2010 · Senate Democrats and Republicans are trying to work out differences over how to overhaul financial regulations following the financial crisis. One of the big sticking points is the proposed Consumer Financial Protection Agency. Democrats, including President Obama, want a separate and independent agency. Republicans want it to be part of an existing agency but Democrats say that's been tried and didn't work.
Mar 10th, 2010 · Bank of America says it will do away with overdraft charges on debit card purchases. When customers try to buy something but don't have enough in their account, the transaction will be be rejected. The move is in reaction to a new regulation that will require banks to get customers to "opt in" to automatic overdraft protection.
Mar 9th, 2010 · Billionaire George Soros makes the case for better regulation, even if it means he can't make as much money.
Mar 3rd, 2010 · A new analysis puts the annual cost of foodborne illness at $152 billion. Problems with fruits and vegetables cost $39 billion. The figures underscore the need for better regulation of food safety, says the nonprofit group behind the report.
Mar 2nd, 2010 · At issue Tuesday will be whether the Second Amendment right to bear arms puts the same constitutional limits on state and local laws as it does on federal laws. The city of Chicago contends that states and local governments should be able to enact regulations that they deem best for their communities.
Mar 2nd, 2010 · Harry Markopolos spent nearly a decade on Bernard Madoff's trail. He says his efforts to alert securities regulators about Madoff's schemes were repeatedly ignored. In a new book, he details how the Securities and Exchange Commission still lacks the tools for the job.
Mar 1st, 2010 · Health care may dominate congressional news, but lawmakers have not forgotten about drafting new rules for Wall Street. Democrats and Republicans on the Senate Banking Committee are working on a plan, with the hope of unveiling it this week.