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How American Express Has Navigated the Financial Crisis and Government Regulation

Managing Editor — Mon, 15 Mar 2010 22:20:59 +0000

PYMNTS.com asked industry expert and author of Paying with Plastic, David S. Evans to profile industry thought leaders and executives to find out what's next in the world of payments.

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

Managing Editor — Thu, 07 Jan 2010 17:26:00 +0000

Exclusive analysis for FinReg21 by Darrell Delamaide

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

Managing Editor — Tue, 22 Dec 2009 22:20:10 +0000

Exclusive analysis for FinReg21 by Darrell Delamaide

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

Managing Editor — Fri, 18 Dec 2009 18:33:24 +0000

Exclusive analysis forFinReg21 by Darrell Delamaide

“I am not alone in this, and in fact I think that I amprobably going to win in the end.”

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

Backlash on bank bonuses now reaching the highest political levels

Managing Editor — Mon, 14 Dec 2009 23:13:00 +0000

Exclusive analysis for FinReg21 by Darrell Delamaide

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

While there has been a constant groundswell of populist rage against the banks since the beginning of the crisis, the industry has been insulated from the impact by political leaders more intent on restoring financial stability.

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

Managing Editor — Thu, 03 Dec 2009 20:52:44 +0000

Exclusive analysis for FinReg21 by Darrell Delamaide

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

Managing Editor — Mon, 30 Nov 2009 20:28:07 +0000

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. This is the same year credit union dual chartering began with the signing of the Federal Credit Union Act, which authorized federal credit unions.

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

Managing Editor — Wed, 25 Nov 2009 04:58:08 +0000

Exclusive analysis for FinReg21 by Darrell Delamaide

Is Treasury in play or will Timothy Geithner weather another storm and survive in office?

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

Managing Editor — Fri, 20 Nov 2009 02:36:24 +0000

Exclusive analysis for FinReg21 by Darrell Delamaide

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?

Managing Editor — Tue, 17 Nov 2009 21:17:35 +0000

Introduction

Treasury Secretary Geithner and Congressional Democrats have called for ending competition between bank regulators, which they claim contributed to the crisis. This claim, however, has almost no evidence to support it, and considerable facts to the contrary. Washington needs to stop wasting precious time on pet peeves unrelated to the crisis, and turn its attention to fixing the underlying flaws in our regulatory system.