Judge Rules Against Consumer-Watchdog Anti-Discrimination Effort September 11, 2023 By Jody Godoy A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle...
AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump February 24, 2017 By Suzanne Barlyn Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big...
U.S. and New York Accuse Firm of Scamming 9/11 Heroes, NFL Retirees February 9, 2017 By Jonathan Stempel and Karen Freifeld A company that advances money to people awaiting settlement payouts was accused by New York and federal regulators of scamming...
Insurance Industry Collaboration Key to Facing Disruption, III CEO Says October 21, 2016 By Elizabeth Blosfield In an increasingly connected and globalized world, the insurance industry needs to work together to understand and accommodate the many...
Bipartisan Senate Megabank Bill Would Split Banking from Insurance, Other Risks July 11, 2013 A small bipartisan group of U.S. senators on Thursday introduced legislation that would break up Wall Street’s megabanks by separating...
SEC Regulator Urges Ban on Mandatory Arbitration Agreements by Investment Firms April 16, 2013 By Sarah N. Lynch A top U.S. securities regulator on Tuesday urged the government to consider adopting new rules that would prohibit or restrict...
Large Insurers Anxious As Financial Council Finalizes Systemic Risk Rule April 4, 2012 By Dave Clarke The U.S. financial risk council approved a final rule on Tuesday laying out how it will decide which financial companies...
U.S. Treasury’s Geithner Put on Spot for Delayed Insurance Report March 21, 2012 A Republican Congresswoman took an opportunity during a hearing on Tuesday to ask U.S. Treasury Secretary Timothy Geithner why the...
Treasury Says More Time Needed to Complete FIO’s Modernization Report February 2, 2012 By Young Ha The Treasury Department’s Federal Insurance Office was expected to complete and send its highly anticipated report on modernization of insurance...
Financial Services Oversight Rules Possible This Week December 19, 2011 By Dave Clarke The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest...