Financial Services Roundtable

An "enormous package of gifts for Wall Street and the worst actors in finance” passed in a House committee Thursday.
Banks say transaction reordering is not simply a new way to squeeze profits from unsuspecting customers. They claim that by processing the largest transactions first, they're actually doing us a solid.
I suggest putting a freeze on those debt collector lawsuits until unemployment falls to some more reasonable level -- 6 percent. That would give millions of Americans the breathing space to get back to work -- and then they can catch up on all those old past due debts.
The Financial Services Roundtable was a key player in the debate over financial reform, and the industry is now pushing to
There's something inherently wrong with a political economy where those in power sell the people a bag of goods: Tax cuts for the rich and corporations; deregulation; "free trade" bills; wars and excessive military spending; slashing social programs.
Eventually, our ancestors gave up the practice of sending away a goat to atone for their sins. We can only hope the bankers reach a similar enlightened age and stop blaming others for their own business decisions.
Despite overwhelming evidence of widespread lawbreaking, there's still a popular point of view that says fraudulent foreclosures are "a technicality" and what we're seeing is neither a systemic problem nor a crime wave of epidemic proportions. Actually, it's both.
The Harvard Law professor, who now works for Obama and Treasury Secretary Timothy Geithner, acknowledged the burden excessive
Elizabeth Warren, chair of the Congressional Oversight Panel, a federal bailout watchdog, and a likely nominee to head the
Elizabeth Warren, a top candidate to lead the new Bureau of Consumer Financial Protection, met quietly last week with some
Organizers believe that the recent victory on health care reform will help propel a similar movement to take on banking giants.
March 24 (Bloomberg) -- One of Wall Street's main lobbying groups is starting an image-improvement campaign aimed at showing
The two-day F-U which started yesterday is more formally known as "Financial Services University" - a chance for congressional staff-er/students to sharpen their number 2s and head to the Rayburn office building on Capitol Hill for "lessons" from top bankers and industry lobbyists.
"We're actually good people. We're actually trying to do the right thing. We want to support regulatory reform -- the things
"That's a terrible idea," he told the New York Times on Monday, when asked about the amendment, which could come up for a
Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to
Judges have found that major mortgages servicers regularly mess up basic accounting, improperly credit payments and charge unwarranted fees.
How do the same banks that have repeatedly come to Washington over the last eight months asking for billions to rescue them from their catastrophic mistakes, somehow still "own the place"?
The insurers, having heard that Hank Paulson at Treasury is writing huge checks to bailout troubled banks, are pushing for government to help them get over their financial problems too.