"A Financial System that Creates Economic Opportunities: Banks and Credit Unions," a Report by the Department of the Treasury, identifies potential
While the future of health care legislation has been dominating headlines, some quiet but important developments in Washington regarding the future of
Both houses of Congress have now passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) and the Act is scheduled to be signed by the president shortly.
The Obama Administration introduced a white paper, Financial Regulatory Reform A New Foundation: Rebuilding Financial Supervision and Regulation, (the White Paper) on June 17, 2009, proposing significant and comprehensive regulatory reform in response to what the White Paper calls the "most severe financial crisis since the Great Depression."
On June 17, the U.S. Treasury Department released a comprehensive blueprint for financial sector regulatory reform titled “Financial Regulatory Reform: A New Foundation Rebuilding Financial Supervision and Regulation” (the “Plan”).
On June 17, 2009, the Obama Administration detailed its proposal for financial regulatory reform.
On March 26 2009 the Department of the Treasury outlined its framework for financial regulatory reform in a release and through Secretary of Treasury Geithner's testimony before the House of Representatives Committee on Financial Services.
The new Financial Stability Plan announced by Secretary Geithner puts forward a broad description of how approximately $2 trillion will be spent, without any substantive details.
Following the surprise failure of the House of Representatives to pass a financial rescue package, the Senate on Wednesday responded to the request of the Secretary of the Treasury to authorize the purchase of troubled mortgage assets.
On March 31, 2008, the U.S. Treasury Department (the “Treasury”) released its plan for an improved financial regulatory structure, which the Treasury characterizes as “one that strengthens consumer protections, improves tools for market stability and enhances financial innovation.”