The answer to the Final Jeopardy! question of who will be the first director of the Consumer Financial Protection Bureau will not become known today. In fact, it may be a while before there is an answer. Senate Republicans say …
U.S. Treasury Secretary Timothy Geithner said on Thursday that opponents of financial-sector reform were trying to sabotage efforts to strengthen the system against crisis. “With millions of Americans still struggling to find work…and even in the face of the European …
U.S. Representative Barney Frank hit back at speculation Tuesday that his departure next year would undermine the sweeping Wall Street reform law he sponsored. Frank announced Monday he would not seek another term, prompting analysts to wonder how the landmark …
The expiration date for surplus lines licenses in Tennessee will soon have to coincide with the expiration of an agent’s primary insurance producer license. All surplus lines license expiration dates will be moved ahead to match the expiration of producer …
The U.S. Treasury Department’s Federal Insurance Office is seeking public comment for its report on how to improve the country’s insurance regulatory system. The study is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The study aims …
MetLife, the largest life insurance company in the United States, has put its banking operations up for sale to avoid the “too big to fail” regulatory scrutiny that analysts have said was likely. MetLife said Thursday it may sell MetLife …
Florida, Mississippi and Hawaii have entered into an agreement that will allow them to keep millions of dollars in taxes on surplus lines insurance policies. The agreement was the result of federal legislation — the Nonadmitted and Reinsurance Reform Act …
U.S securities brokers would be more closely scrutinized by accountants and be subject to stricter rules for how they handle their customers’ assets under a plan proposed by federal regulators Wednesday. The proposal by the Securities and Exchange Commission is …
The largest and riskiest U.S. financial firms could be forced to hold up to twice as much capital as called for in the international Basel III accord, under one plan the Federal Reserve is considering. Fed Governor Daniel Tarullo said …
There is no doubt that some of the busiest people since the financial crisis are at the Financial Stability Board. The G20 recommendations have been wide ranging, from private sector practices such as compensation schemes of financial institutions to much …
