financial reform bill

The Financial Reform Endgame Approaches

One of the key questions facing Congress as it labors to reconcile the House and Senate bills is this: Three years after the financial crisis began, how much risk should America's banks be allowed to take? Not surprisingly, opinions differ greatly.

Senate Passes Historic Financial Reform Bill

Prodded by national anger at Wall Street, the Senate on Thursday passed the most far-reaching restraints on big banks since the Great Depression. In its broad sweep, the massive bill would touch Wall Street CEOs and first-time homebuyers, high-flying traders and small town lenders.

Legal Briefing: Ratings Agencies Lose in Court, Again

Among Wednesday's legal news, the California Public Employees' Retirement System won a court decision allowing it to proceed with a lawsuit against the three major ratings agencies, six shareholders have filed suits against Goldman Sachs, and insurance company WellPoint's massive rate hike requests were based on faulty math.

GOP Stops Senate Financial Reform Bill From Advancing

Republicans have stopped a bill designed to reform financial services regulation from moving forward in the Senate. Proponents of a bill that seeks to reduce risk in the banking system and increase consumer protections will now have to draft a new bill that can garner 60 votes needed.