Banks and their regulators, for all their seriousness and formality, sure do seem like a pair of petty, bickering siblings at times. The FDIC recently sent a letter to banks complaining to them about complaints it had received from consumers because banks have been blaming the FDIC for certain fees. Turns out, banks are essentially
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Thinking about going to graduate school? You might want to reconsider: it just got a lot more expensive for students taking out federally subsidized loans. Congress just announced it has finally reached a deal on federal student loan rates, which will keep the rates from going higher in July, but only for a year. This
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On Monday we were spared the Supreme Court’s ruling on the constitutionality of the mandate built into President Obama’s signature health-care reform bill, but we know exactly what we’re going to see from all but one justice. A Bloomberg poll of 21 constitutional law professors found that most think Kennedy is going to vote against
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Combine an election year, a highly disputed and complex regulatory law, a massive and freaky trading loss by a respected bank, and a multimillionaire Republican candidate, and you get a delicious stew of overly politicized regulatory arcania. The Wall Street Journal on Thursday reports that the White House is pushing for a tougher version of
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Barney Frank, U.S. Congressman from Massachusetts and the coauthor of the semi-eponymous Dodd-Frank Act, has announced that he will be retiring from Congress once his term is up. Will anyone be left to fill his shoes?
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