Rebuilding trust, understanding what drives the decisions that business make, and the need for change in many corporate cultures
It was not immediately clear whether Obama's comments to regulators were specifically geared toward insurers. The statement
WASHINGTON -- Private equity firms are routinely ripping off their clients, harming pension funds, universities and charitable
The banks being probed include Barclays Plc, Citigroup Inc, Deutsche Bank, Goldman Sachs Group Inc, JPMorgan Chase, Morgan
Five years on, there is still plenty of public resentment for the lack of visible enforcement actions dating back to the crisis. But lately, U.S. regulators have been flexing their muscles with a more pointed and aggressive approach to finding and punishing miscreants.
This is little more than a brazen attempt to bully U.S. regulators into delaying and weakening U.S. rules, which, as Senator Elizabeth Warren has pointed out, must not happen.
I don't know that Obama will lead the charge to justice. But seeing this surging wave of litigation, perhaps he will have what it takes to grab his surfboard and catch the wave.
The change in regulation hasn't just been seen in the actions of regulators. There is a new boldness in the comments they are willing to make to, and about, the industries they regulate.
Under the new rules, the CFPB will oversee any company with more than $10 million in annual receipts from collections, which
Poor cost-benefit analysis has helped lay the groundwork in the past for successful legal challenges to SEC rules, although