News Topic: glass-steagall

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the ... Read full article

Former Fed Chairman Paul Volcker is now synonymous with a provision of the Dodd-Frank law. But his legacy extends well beyond that. ... Read full article

As part of an effort to reduce regulatory burden, the agency will retire policy statements from the 1980s and nineties dealing with securities subsidiaries, failed-bank receiverships and other matters. ... Read full article

Warren’s plan unveiled Thursday would be the most significant rewrite of financial services rules since the Dodd-Frank Act of 2010. ... Read full article

With the candidates still introducing themselves to voters and honing their message, little has been said about the financial industry. ... Read full article

The freshman congresswoman will likely join the Financial Services Committee, where she could use her populist momentum to bring criticisms of the country's biggest banks even further into the mainstream. ... Read full article

No matter how far the Massachusetts Democrat goes in the next presidential race, the financial regulatory issues that she trumpets will be front and center. ... Read full article

Current political forces pose a number of risks for financial institutions, including their stock prices and performance, if not their very existence. ... Read full article

It’s been off the radar for a couple of years, but Washington may soon be debating the separation between commercial and investment banking once again. ... Read full article

Credit unions historically have focused on laws that directly pertain to them, but in a break with that tradition, NAFCU is calling on Congress to re-introduce efforts to break up big banks. ... Read full article

Early polling shows that the Massachusetts senator is a strong contender for the White House, setting her up to shape the debate on financial services even if she doesn’t run. ... Read full article

More than 50 amendments had been filed by Wednesday afternoon to be considered as part of a Senate regulatory relief bill, but it was unclear which proposed changes if any have the approval of the legislation's key sponsors. ... Read full article

Acting Comptroller of the Currency Keith Noreika called for reopening the debate over the barrier between banking and commerce, saying there is evidence removing it could benefit small banks. ... Read full article

Acting Comptroller of the Currency Keith Noreika is using his short time in office to open a debate about the separation of banking and commerce, which he says is anti-competitive, stifles diversification and may limit regulators' options in times of ... Read full article

Sen. John Kennedy, R-La., said he wants policymakers to flesh out a potential return of the Glass-Steagall Act, but wasn't sure if it should separate commercial and investment banking. ... Read full article

The Treasury secretary says the Trump administration doesn't support separating commercial from investment banking; wealthy neighborhoods are designated as low-income, benefitting banks with branches there. ... Read full article

Treasury Secretary Steven Mnuchin was pressed for his views on housing finance reform, what a “modernized” version of the Glass-Steagall Act would look like and a two-tiered regulatory system. ... Read full article

Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand. ... Read full article