Items by By STEPHEN LABATON
NYT > Business
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New Rules Would Restrict Overdraft Fees on Debit Cards
Posted: November 12th, 2009, 12:03pm EST by By STEPHEN LABATON
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The Federal Reserve will prohibit issuers of debit cards from charging overdraft fees in many instances without the cardholder’s permission.
NYT > Home Page
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New Rules Would Restrict Overdraft Fees on Debit Cards
Posted: November 12th, 2009, 12:03pm EST by By STEPHEN LABATON
Tags: [edit]
The Federal Reserve will prohibit issuers of debit cards from charging overdraft fees in many instances without the cardholder’s permission.
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New Rules Would Restrict Overdraft Fees on Debit Cards
Posted: November 12th, 2009, 12:03pm EST by By STEPHEN LABATON
Tags: [edit]
The Federal Reserve will prohibit issuers of debit cards from charging overdraft fees in many instances without the cardholder’s permission.
NYT > Business
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Senate Plan Would Expand Regulation of Risky Lending
Posted: November 11th, 2009, 3:39pm EST by By STEPHEN LABATON
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Senator Christopher J. Dodd’s plan, a dramatic overhaul of financial regulation, has met with resistance from Republicans and business interests.
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Banks to Prepay Assessments to Rescue F.D.I.C.
Posted: September 30th, 2009, 5:56am EDT by By STEPHEN LABATON
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Federal officials proposed a $45 billion plan financed by the industry to rescue the ailing insurance fund that protects bank depositors.
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White House Pares Its Financial Reform Plan
Posted: September 23rd, 2009, 6:20pm EDT by By STEPHEN LABATON
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The administration dropped plans to require that banks offer simplified “plain vanilla” loans and credit cards.
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F.D.I.C. May Borrow Funds From Banks
Posted: September 22nd, 2009, 7:09am EDT by By STEPHEN LABATON
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Bankers fear the alternative to the plan to have healthy banks lend billions to help the fund would be worse.
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Leading Senator Pushes New Plan to Oversee Banks
Posted: September 20th, 2009, 2:10am EDT by By STEPHEN LABATON
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Senator Christopher J. Dodd, head of the Senate Banking Committee, plans to propose the merger of four bank agencies into one super-regulator.
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Leading Senator Pushes New Plan to Oversee Banks
Posted: September 20th, 2009, 2:10am EDT by By STEPHEN LABATON
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Senator Christopher J. Dodd, head of the Senate Banking Committee, plans to propose the merger of four bank agencies into one super-regulator.
NYT > Business
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Fed Chief Says Recession Is ‘Very Likely Over’
Posted: September 15th, 2009, 3:16pm EDT by By STEPHEN LABATON
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Ben S. Bernanke said the U.S. economy was probably growing now, but it would not be sufficient to prevent the unemployment rate from rising.
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Geithner Takes Regulators to Task on Turf Battle
Posted: August 6th, 2009, 2:35pm EDT by By STEPHEN LABATON
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Treasury Secretary Timothy F. Geithner says regulators should not let relatively small disagreements kill the chances of passing a bill.
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House Panel Approves Executive Pay Restraints
Posted: July 29th, 2009, 3:35am EDT by By STEPHEN LABATON
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A committee approved legislation closely resembling President Obama’s proposal for executive pay limits.
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Antitrust Chief Hits Resistance in Crackdown
Posted: July 25th, 2009, 8:17pm EDT by By STEPHEN LABATON
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Christine A. Varney, and some senior lawmakers, are preparing to rein in several major industries but are finding resistance from Obama administration officials.
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Turf War Over Financial Oversight Plays Out at Hearing
Posted: July 24th, 2009, 7:59pm EDT by By STEPHEN LABATON
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Facing criticism, the administration has scrambled to salvage major elements of its plan to overhaul financial regulation.
NYT > Business
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Geithner Defends Plan for Financial Oversight
Posted: July 24th, 2009, 1:14pm EDT by By STEPHEN LABATON
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Facing criticism, the administration has scrambled to salvage major elements of its plan to overhaul financial regulation.
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Panel Named to Examine Financial Crisis
Posted: July 15th, 2009, 2:27pm EDT by By STEPHEN LABATON
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Congressional Democrats announced that Phil Angelides, a former California treasurer, will lead a new commission to examine the causes of the financial crisis.
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Obama Seeks Rules to Thwart ‘Wild Risk-Taking’
Posted: June 17th, 2009, 2:54pm EDT by By STEPHEN LABATON
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The president said new financial regulations were needed to protect consumers and to guard against murky Wall Street practices.
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Obama Sought to Enlist a Wide Consensus on Finance Rules
Posted: June 16th, 2009, 10:53pm EDT by By STEPHEN LABATON
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The administration’s proposal to overhaul financial regulations, born of compromise, is not as bold as some had hoped.
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Obama Names Overseer to Set Pay at Rescued Companies
Posted: June 10th, 2009, 12:36pm EDT by By STEPHEN LABATON
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The Obama administration appointed Kenneth R. Feinberg to the new post, giving him broad discretion to set pay for 175 top executives at seven of the nation’s largest companies.
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Millions Face Blank Screens in TV Switch
Posted: June 6th, 2009, 3:27am EDT by By STEPHEN LABATON
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Despite government efforts to promote the switch to digital signals and a delay of four months in the schedule, three million homes are unprepared.
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S.E.C. to Propose Change in Election of Boards
Posted: May 20th, 2009, 1:44am EDT by By STEPHEN LABATON
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A new proposal would allow a company’s shareholders to elect a limited number of independent directors.
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S.E.C. to Propose Change in Election of Boards
Posted: May 20th, 2009, 1:44am EDT by By STEPHEN LABATON
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A new proposal would allow a company’s shareholders to elect a limited number of independent directors.
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Judicial Power on Mortgages Is Rejected in a Senate Vote
Posted: April 30th, 2009, 5:17pm EDT by By STEPHEN LABATON
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The Senate handed a victory to the banking industry by defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages.
NYT > Home Page
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Judicial Power on Mortgages Is Rejected in a Senate Vote
Posted: April 30th, 2009, 5:17pm EDT by By STEPHEN LABATON
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The Senate handed a victory to the banking industry by defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages.
NYT > Business
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Offices Go Vacant at Fannie and Freddie
Posted: April 15th, 2009, 1:09am EDT by By STEPHEN LABATON
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While the government has invested billions of dollars into Fannie Mae and Freddie Mac, the companies are suffering from an exodus of senior and midlevel managers.
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Some Revile Plan to Limit Short-Selling
Posted: April 6th, 2009, 12:44am EDT by By STEPHEN LABATON
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Regulators are drafting rules to restrict short-selling, or trades that profit from a decline in a stock’s price.
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Administration Seeks Increase in Oversight of Executive Pay
Posted: March 21st, 2009, 9:39pm EDT by By STEPHEN LABATON
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The sweeping regulatory plan is also expected to call for the Federal Reserve to oversee hedge funds whose problems could pose risks to the entire financial system.
NYT > Home Page
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Administration Seeks Increase in Oversight of Executive Pay
Posted: March 21st, 2009, 9:39pm EDT by By STEPHEN LABATON
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The sweeping regulatory plan is also expected to call for the Federal Reserve to oversee hedge funds whose problems could pose risks to the entire financial system.
NYT > Business
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Some Banks, Citing Strings, Want to Return Aid
Posted: March 11th, 2009, 2:14am EDT by By STEPHEN LABATON
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Critics of the White House conditions on bailout funds say the measures border on social engineering.
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S.E.C. Chief Pursues Reversal of Years of Lax Enforcement
Posted: February 23rd, 2009, 1:42am EST by By STEPHEN LABATON
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After years of rejecting an active securities oversight role, the agency is being transformed by Mary L. Schapiro into a watchdog with teeth.
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Senators Bid to Regulate Hedge Funds
Posted: January 30th, 2009, 2:25pm EST by By STEPHEN LABATON
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Legislation from Senator Carl Levin and Senator Charles E. Grassley would give the S.E.C. specific authority to oversee hedge funds.
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Obama Urged to Move Swiftly to Rescue Banks
Posted: January 18th, 2009, 12:46am EST by By STEPHEN LABATON
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With many financial institutions continuing to hemorrhage billions of dollars, the central issue Barack Obama faces is how to relieve banks of rapidly deteriorating assets.
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S.E.C. Nominee Offers Plan for Tighter Regulation
Posted: January 16th, 2009, 1:45am EST by By STEPHEN LABATON
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At her confirmation hearing, Mary L. Schapiro outlined an ambitious agenda that included tighter regulation of hedge funds and credit rating agencies.
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The Caucus: Genachowski Is Pick to Lead F.C.C.
Posted: January 13th, 2009, 11:43am EST by By STEPHEN LABATON
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Julius Genachowski, 46, was a major fund-raiser for the Obama campaign who also played a leading role in the campaign's highly successful online strategy.
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The Caucus: Genachowski Is Pick to Lead F.C.C.
Posted: January 13th, 2009, 11:43am EST by By STEPHEN LABATON
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Julius Genachowski, 46, was a major fund-raiser for the Obama campaign who also played a leading role in the campaign's highly successful online strategy.
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S.E.C. Choice Is Sued Over a Merger of Regulators
Posted: January 11th, 2009, 9:34pm EST by By STEPHEN LABATON
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Mary L. Schapiro, president-elect Barack Obama’s choice to lead the S.E.C., has been accused of making misleading statements to quickly complete a merger of regulatory bodies.
NYT > Business
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Unlikely Player Pulled Into Madoff Swirl
Posted: December 19th, 2008, 1:12am EST by By STEPHEN LABATON
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Some wonder if former S.E.C. official Eric Swanson’s marriage to Bernard L. Madoff’s niece slowed a federal investigation.
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Unlikely Player Pulled Into Madoff Swirl
Posted: December 19th, 2008, 1:12am EST by By STEPHEN LABATON
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Some wonder if former S.E.C. official Eric Swanson’s marriage to Bernard L. Madoff’s niece slowed a federal investigation.
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S.E.C. Knew Him as Foe and Friend
Posted: December 18th, 2008, 12:19am EST by By STEPHEN LABATON
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Over the last 20 years, Bernard L. Madoff alternately wowed and angered top policy makers at the Securities and Exchange Commission.
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S.E.C. Knew Him as Foe and Friend
Posted: December 18th, 2008, 12:19am EST by By STEPHEN LABATON
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Over the last 20 years, Bernard L. Madoff alternately wowed and angered top policy makers at the Securities and Exchange Commission.
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S.E.C. Image Suffers in a String of Setbacks
Posted: December 15th, 2008, 11:57pm EST by By STEPHEN LABATON
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The Securities and Exchange Commission is finding itself conducting autopsies of financial institutions after failing, in the first instance, to perform adequate biopsies.
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The Reckoning: Agency’s ’04 Rule Let Banks Pile Up New Debt, and Risk
Posted: October 3rd, 2008, 9:03am EDT by By STEPHEN LABATON
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A decision the Securities and Exchange Commission made in 2004 helps explain why problems in finance could spin out of control.
NYT > Home Page
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The Reckoning: Agency’s ’04 Rule Let Banks Pile Up New Debt, and Risk
Posted: October 3rd, 2008, 9:03am EDT by By STEPHEN LABATON
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A decision the Securities and Exchange Commission made in 2004 helps explain why problems in finance could spin out of control.
NYT > Business
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Some Seek Agency to Buy Bad Debt as Long-Term Answer
Posted: September 17th, 2008, 1:00am EDT by By STEPHEN LABATON
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Some lawmakers and experts are considering creating a new agency to dispose of the assets at the core of Wall Street’s woes.
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Worst Fears Ease, for Now, on Mortgage Giants’ Fate
Posted: July 11th, 2008, 10:02pm EDT by By STEPHEN LABATON
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After a stomach-churning drop in the stock prices of Fannie Mae and Freddie Mac, government officials and lawmakers managed to calm worried investors.
NYT > Business
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Fed Concludes Economic Woes Likely to Spill Into 2009
Posted: July 8th, 2008, 8:17pm EDT by By STEPHEN LABATON
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Ben S. Bernanke outlined a series of steps the Fed is considering to stem the housing and financial crises.
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Fed Concludes Economic Woes Likely to Spill Into 2009
Posted: July 8th, 2008, 8:17pm EDT by By STEPHEN LABATON
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Ben S. Bernanke, the chairman of the Federal Reserve, outlined a series of steps the Fed is considering taking in the coming months to stem the crisis.
NYT > Business
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Broader Role for Federal Reserve Sought
Posted: June 18th, 2008, 10:38pm EDT by By STEPHEN LABATON
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Treasury Secretary Henry M. Paulson Jr., in a speech on Thursday, will ask policy makers to move swiftly to give greater tools and authority to the Federal Reserve to handle financial crises.
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Intel Facing Antitrust Investigation
Posted: June 6th, 2008, 2:18pm EDT by By STEPHEN LABATON
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The Federal Trade Commission has opened a formal investigation of Intel for anticompetitive conduct, government officials and lawyers said.
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Intel Facing Antitrust Investigation
Posted: June 6th, 2008, 2:18pm EDT by By STEPHEN LABATON
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The Federal Trade Commission has opened a formal investigation of Intel for anticompetitive conduct, government officials and lawyers said.
NYT > Business
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U.S. Seeks New Curbs on Credit-Card Practices
Posted: May 2nd, 2008, 4:52pm EDT by By STEPHEN LABATON
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The rules are aimed at making it more difficult for credit card companies to raise rates arbitrarily, conceal high penalty fees, or engage in other practices that consumer groups say are abusive. -
Testimony Offers Details of Bear Stearns Deal
Posted: April 4th, 2008, 3:17am EDT by By STEPHEN LABATON
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Federal officials and senior Wall Street executives offered their first public account on Thursday of the harrowing four days of negotiations.
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Testimony Offers Details of Bear Stearns Deal
Posted: April 4th, 2008, 3:17am EDT by By STEPHEN LABATON
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Federal officials and senior Wall Street executives offered their first public account on Thursday of the harrowing four days of negotiations.
NYT > Business
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Senate Votes to Strengthen Product Safety Laws
Posted: March 7th, 2008, 1:37am EST by By STEPHEN LABATON
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The legislation would create a public database of complaints about products and empower state prosecutors to take action to protect consumers.
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Senate Votes to Strengthen Product Safety Laws
Posted: March 7th, 2008, 1:37am EST by By STEPHEN LABATON
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The legislation would create a public database of complaints about products and empower state prosecutors to take action to protect consumers.