FinReg21 Exclusive News and Analysis | FinReg21|Reforming Financial Services Regulation in the 21st Century

How American Express Has Navigated the Financial Crisis and Government Regulation

Monday 15 March 2010 23:20 | PYMNTS.com | 0 comments

David S. Evans interviewed the Chairman and CEO of American Express, Ken Chenault, for PYMNTS.com's Captains of the Industry Series. Since 2001, Ken has been the CEO of a company that has built a reputation and brand around the three pillars of security, service, and trust since 1850. From freight forwarding to traveler's checks, American Express has been shaping the payments industry.

Dodd not the only lame duck: Midterm prospects will slow down reform momentum

Thursday 07 January 2010 18:26 | Managing Editor | 0 comments

Sen. Chris Dodd bowed to the inevitable this week and announced his retirement from the Senate rather than face defeat in November’s midterm elections.

Dodd switches tactics on reform bill in search of elusive bipartisanship

Tuesday 22 December 2009 23:20 | Managing Editor | 0 comments

Remember the Gang of Six – that group of three Democratic and three Republican senators that were going to hammer out a bipartisan bill on healthcare reform last summer?

Volcker describes an alternative scenario for regulatory reform

Friday 18 December 2009 19:33 | Managing Editor | 1 comment

It’s the statement of a confident man, and at 82, former Federal Reserve chairman Paul Volcker, something of a legend in his own time in the world of finance, is plenty confident.

Backlash on bank bonuses now reaching the highest political levels

Tuesday 15 December 2009 00:13 | Managing Editor | 0 comments

What may be only the beginnings of a high-level political backlash against the banking industry gained some momentum this week.

Banks face pressure to reach out to underserved as FDIC survey documents gap

Thursday 03 December 2009 21:52 | Managing Editor | 0 comments

Regulators will be bringing pressure on banks to make greater efforts to serve poorer communities after an FDIC survey showed that more than a quarter of U.S. households have little or no financial activity through banks.

The State of Reform for State Credit Unions

Monday 30 November 2009 21:28 | Thomas Candon | Lombard Street | 0 comments

The nation’s state-chartered credit unions have a long and successful history in the nation’s financial services industry. The first state credit union act was signed in Massachusetts in 1909. By 1934, forty-two states had enacted legislation to authorize state credit unions.

Do calls for Geithner’s resignation put Treasury in play?

Wednesday 25 November 2009 05:58 | Managing Editor | 1 comment

After two congressmen on opposite ends of the political spectrum called upon Geithner to step down within a 24-hour period last week, Washington has been abuzz about the new crisis in his tenure as Treasury secretary.

Watchdog’s critique of NY Fed actions on AIG raises question of regulatory authority

Friday 20 November 2009 03:36 | Managing Editor | 1 comment

The watchdog for the bank bailout suggested in a report this week that the New York Federal Reserve Bank placed an unnecessary burden on taxpayers by paying AIG’s counterparties the full value of their credit default swaps instead of getting them to take partial payment.

Would Consolidating Regulators Avoid the Next Crisis?

Tuesday 17 November 2009 22:17 | Mark Calabria | Lombard Street | 0 comments

Treasury Secretary Geithner and Congressional Democrats have called for ending competition between bank regulators, which they claim contributed to the crisis.