financial reform bill News

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Obama's First Midterm Ad Hits Only Republican Who Still 'Loves' Him [VIDEO]

(Oct. 4) -- That's the thanks he gets? After supporting Barack Obama more than any other Republican over the past two years, and taking no small amount of heat from his GOP colleagues in the process, Rep. Anh "Joseph" Cao, R.-La., must be wondering what he did to get on the president's bad side. The only Republican to...

Lawmakers Could Face Probe on Wall Street Votes

(Sept. 1) -- Two Republican lawmakers and one Democrat could face a House ethics investigation over complaints about fundraising events they held in close proximity to votes on a Wall Street financial reform bill last year. The independent Office of Congressional Ethics found enough evidence of wrongdoing in the cases of...

Financial Reform Bill Signed into Law: 5 Key Changes Outlined

(July 21) -- President Barack Obama signed the sweeping financial reform bill into law today, just six days after it passed the Senate. The Dodd-Frank Wall Street Reform and Consumer Protection Act is meant to protect consumers, add transparency to the financial markets, and restructure government power so that companies...

Could Republicans Really Repeal Financial Reform?

(July 16) -- Mere hours after Congress passed financial regulatory reform legislation, and with a few days still to go before President Barack Obama even signs it into law, some Republicans are already calling for its repeal. House Minority Leader John Boehner was joined by other party leaders Thursday when he announced...

Is Tim Geithner Going to Block Elizabeth Warren From Leading New Consumer Protection Agency?

(July 16) -- Treasury Secretary Tim Geithner doesn't like Elizabeth Warren. In her capacity as chairwoman of the Congressional Oversight Panel monitoring the U.S. banking bailout, she has interrogated Geithner before Congress (and the American public), and those interrogations have not reflected favorably on him. A typical...

financial reform bill News From AOL

THE HUFFINGTON POST

Scott Brown: Wall Street's Favorite

There was an absurdly apologetic pro-Scott Brown piece in the Boston Globe suggesting that Scott Brown isn't Wall Street's favorite Senator, so critics like Elizabeth Warren should just back off in criticizing him.

Background on financial reform bill

Wall Street Reform or Financial Reform, commonly called the Dodd-Frank Bill, was signed by President of the United States Barack Obama on July 22, 2010. Since the economic crisis of 2007-09 (millions of jobs were lost, businesses failed, house prices dropped, and savings were washed out), there was an ongoing debate taking place regarding the insufficient oversight and regulation of the US financial system, non-regulated OTC derivative market, and non-existence of consumer protection authority which was the major cause of financial crises.

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