Reforming the way big banks charge for processing debit-card purchases brought free-market competition to this business and saved consumers $30 billion. So why are some members of Congress trying to repeal it?
Reforming the way big banks charge for processing debit-card purchases brought free-market competition to this business and saved consumers $30 billion. So why are some members of Congress trying to repeal it?
President Donald Trump on Friday signed executive actions directing the Treasury Department to review two key Dodd-Frank powers and identify burdensome or unnecessarily complex tax rules. He also said there will be an announcement next week regarding plans for tax reform.
President Donald Trump on Friday signed executive actions directing the Treasury Department to review two key Dodd-Frank powers and identify burdensome or unnecessarily complex tax rules. He also said there will be an announcement next week regarding plans for tax reform.
In a recent TV interview, President Donald Trump showed financial acumen and gave us hope that the administration’s new proposed tax plan might have a solution that works for everyone.
In a recent TV interview, President Donald Trump showed financial acumen and gave us hope that the administration’s new proposed tax plan might have a solution that works for everyone.
The Consumer Financial Protection Bureau and 20 state regulators on Thursday took legal action against mortgage servicing giant Ocwen over allegations that the company dropped the ball on normally simple practices, which allegedly cost up to 1,000 customers their homes because of unwarranted foreclosures.
The Consumer Financial Protection Bureau and 20 state regulators on Thursday took legal action against mortgage servicing giant Ocwen over allegations that the company dropped the ball on normally simple practices, which allegedly cost up to 1,000 customers their homes because of unwarranted foreclosures.
With tax writers on Capitol Hill weighing specifics of an overhaul package, one of the more contentious fights likely to emerge is over a proposal to disallow companies from writing off the interest they pay on debt.
With tax writers on Capitol Hill weighing specifics of an overhaul package, one of the more contentious fights likely to emerge is over a proposal to disallow companies from writing off the interest they pay on debt.
While small merchants are focused on interchange value and not cost, big box merchants and retail industry lobbyists are focused on something else: padding their bottom line by wrecking the free market.
While small merchants are focused on interchange value and not cost, big box merchants and retail industry lobbyists are focused on something else: padding their bottom line by wrecking the free market.
The Office of the Comptroller of the Currency failed to effectively monitor and investigate the sales practices at Wells Fargo & Co. that eventually led to the bank's cross-selling scandal, according to an internal OCC watchdog report released publicly on Wednesday.
The Office of the Comptroller of the Currency failed to effectively monitor and investigate the sales practices at Wells Fargo & Co. that eventually led to the bank's cross-selling scandal, according to an internal OCC watchdog report released publicly on Wednesday.
President Donald Trump on Tuesday signs an executive order that changes visa and government procurement policies to place a greater emphasis on "Buy American" and "Hire American" practices -- two principles that have bipartisan support among U.S. voters, according to recent polling.
President Donald Trump on Tuesday signs an executive order that changes visa and government procurement policies to place a greater emphasis on "Buy American" and "Hire American" practices -- two principles that have bipartisan support among U.S. voters, according to recent polling.
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Briefings

Finance Brief: Week in Review & What’s Ahead

President Donald Trump signed three executive actions affecting the financial services industry. The actions included two presidential memorandums — one directing the Treasury Department to examine the Dodd-Frank process for winding down failing banks, and another directing the agency to review the Financial Stability Oversight Council’s authority to designate firms systemically important. The third item was an executive order directing the Treasury Department to analyze tax rules adopted in the last 18 months and identify any regulations deemed convoluted or onerous.

Finance Brief: Week in Review & What’s Ahead

President Donald Trump expressed support for the Export-Import Bank, a longtime target of fiscal conservatives who see it as a government interloper in private markets. The export credit agency has faced limited financing powers for more than a year due to board vacancies. To resolve that, the White House said Trump intends to nominate two Ex-Im candidates, both requiring Senate confirmation: former Rep. Scott Garrett (R-N.J.), who voted against renewing the bank’s charter while he was in Congress, would be head of the credit agency; and former Rep. Spencer Bachus (R-Ala.), who previously led the House Financial Services Committee, would serve on the agency’s board.

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