bank reform

6 Stories

Bank of America Readying New Fees

Will likely drive off free checking customers

(Newser) - The public relations disaster that was Bank of America's plan to charge customers monthly debit card fees was apparently so much fun that bank execs can't wait to try it again: In what the Wall Street Journal calls a sign of "stresses" in the banking industry, BofA... More »

Geithner on BofA Fees: We Will Prevail

Treasury secretary slams new debit card charges

(Newser) - Tim Geithner joined President Obama in railing against Bank of America last night on CNN , promising that the White House will get tougher in the fight against new fees. The Obama administration is "going to push back harder,” said the Treasury secretary, who noted that the $5 monthly... More »

What Occupy Wall Street Should Demand

Movement needs clear demands to fix financial system

(Newser) - The biggest problem with the Occupy Wall Street movement is its demands: "It doesn’t really have any," writes Nicholas Kristof in the New York Times . While he's not anti-market like many of the protesters, Kristof does think America's financial institutions have grown out of control—... More »

Obama Signs Finance Reform

Calls it the end of taxpayer-funded bailouts

(Newser) - President Obama today signed into law the most sweeping reform of financial regulations since the Great Depression, a package that aims to protect consumers and ensure economic stability from Main Street to Wall Street. The law, pushed through mainly by Democrats in Washington's deeply partisan environment, gives the government new... More »

Dodd to Push Financial Reform Without GOP

He's preparing to introduce the measure Monday

(Newser) - Chris Dodd is preparing to introduce a sweeping bank reform bill on Monday in the Senate without any Republican support. The move comes after months of negotiations with the GOP's Bob Corker, who said the two were on the "5-yard-line" before Dodd got pressure from the White House to... More »

Bank Reform Shatters Usual Party Lines

Next big domestic issue will be 'fascinating' to watch

(Newser) - Once health care reform is “settled,” Nate Silver writes, the White House will be searching for a new domestic issue. Card check is too hard, immigration will have to wait for 2012’s “younger, more diverse electorate,” and gay rights is a slog. The winner, in... More »

6 Stories