Fair housing advocates are concerned about a pending vote in the Senate that would relax banking rules on reporting loan data. Click the audio player above to hear the full story.
A Senate bill that would roll back some banking restrictions passed in the wake of the 2008 financial crisis is moving forward with bipartisan support. Seventeen Democrats voted along with Republicans on Tuesday to allow the banking bill to proceed to a vote. Proponents say it will provide relief to small and mid-sized banks. But […]
The acting director requested $0 for the bureau’s funding.
A bipartisan group of senators has agreed to take a big step in loosening up some of the bank regulations that were put in place after the 2008 financial crisis under the Dodd-Frank law. They’re backing a deal that would exempt small and regional banks from regulations and testing meant to ensure that financial institutions […]
Under consideration in the House of Representatives today: a big Republican platform item. Specifically, the rollback of Dodd-Frank financial regulations. This comes in the form of a bill called the Financial Choice Act. Here’s what’s in the bill and what could become law. Click the audio player above to hear the full story.
Rachel Abrams of the New York Times and David Gura of Bloomberg join us to discuss the week’s business and economic news. This week, they talk about whether the Trump administration can meet any of its major pledges before its first 100 days. Also, Trump has signed a lot of executive orders, but are they doing […]
Some say it protects against abuses; others say compliance is too expensive for smaller institutions.
Markets saw a big bounce today following President Donald Trump’s speech last night. The Dow jumped more than 300 points, closing above 21,000 for the first time today. That follows an upward market trend since the election, which the president noted. But his speech lacked details about a lot of the promises he has made — […]
President Donald Trump has said he wants to roll back much of the Dodd-Frank financial reform law that Congress passed after the financial crisis. Smaller regional banks have honed in on one part of Dodd-Frank they would like to change: the rule on how big a bank has to be for it to be considered […]
One measure of the Dodd-Frank Act that looks set to be diluted or disapparated: the rule that requires companies to disclose how much more the CEO makes than the workers. Some observers worry about this, but how much do workers really care?