Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Dodd Shelby speak of reg reform accord
WASHINGTON (12/29/09)—The top Democrat and Republican members of the Senate Banking Committee united to say “meaningful progress” has been made in the area of financial regulatory reform. Both Chairman Christopher Dodd (D-Conn.) and ranking member Richard Shelby (R-Ala.) said they are hopeful remaining issues can be resolved before the Senate reconvenes Jan. 19. "Our country needs financial regulatory reform, and we are committed to working together," said Dodd and Shelby in their joint statement last week. They identified six areas of accord:
* Seeking to end the “Too-Big-to-Fail” problem; * Protect taxpayers from future bailouts by enhancing “our resolution regime”; * Enhancing consumer protections; * Modernizing and streamlining the country’s financial regulatory structure, while preserving the dual-banking system; * Focusing the Federal Reserve more fully on monetary policy; and * Modernize regulation and oversight of the derivatives market.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
57 minutes ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
2 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
5 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
5 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
7 hours ago