Obama

Battle begins for new financial products regulator

Thursday 25 June 2009 21:56 | Managing Editor | 279 comments

The first salvos have been fired in what promises to be one of the major battles of the administration’s regulatory reform program – the creation of a new agency to focus on consumer protection in financial products.

Is there really a credit card crisis?

Friday 24 April 2009 17:52 | By David Evans, FinReg21 Editor in Chief | 249 comments

I don’t dispute that some card issuers engage in bad behavior and frankly there have been times when I’ve been furious. But there is a lot of market discipline for this; if you threaten to switch cards the issuers back off. Proponents of legislation point to anecdotes of bad behavior. There is, however, no systematic evidence that there is a credit card crisis.

Obama to focus on credit card ‘abuses,’ aide says

Monday 20 April 2009 21:34 | Managing Editor | 214 comments

President Barack Obama will be focusing in the near future on credit card practices, White House economic adviser Larry Summers said, particularly what he termed “credit card abuses.”