Warren Says Financial History Repeating Itself

[caption id="attachment_310370" align="alignleft" width="187"] Randal K. Quarles[/caption] One prominent Senator and possible presidential candidate painted a financial picture of history repeating itself. Randal Quarles is the Federal Reserve Vice Chairman for Supervision and he was…

SEC Chair Clarifies Best Interest Standard

[caption id="attachment_111540" align="alignleft" width="152"] Jay Clayton Securities and Exchange Commission (SEC) Chair[/caption] While testifying in front of the House Financial Services Committee, the Chairman of the Securities and Exchange Commission (SEC) attempted to clarify a…

Fed Proposes Changes to the Volcker Rule

[caption id="attachment_308430" align="alignleft" width="148"] Governor Lael Brainard[/caption] The Federal Reserve has proposed augmenting the Volcker rule so that it focuses more on the biggest banks while streamlining the process for all banks affected. The Federal…

Waters Says Reps Trying to Gut Dodd/Frank

The top Democrat on the House Financial Services Committee accused the president of gutting Dodd/Frank with his most recent budget proposal. California Democrat Maxine Waters made the remarks when the committee held a mark-up hearing…

House Debates Derivatives

Dodd/Frank is not working when it comes to SWAPs. That was the sharp and partisan message from Michigan Republican Congressman Bill Huizenga, who chairs the powerful Capital Markets, Securities, and Investments sub-committee of the House…