In Case You Missed It

Paul Wyche The Journal Gazette Recessions come and recessions go, but the one constant economic rejuvenator has remained housing. That is the mantra of Rick Davidson, president and CEO of Century 21 Real Estate, who was in Fort Wayne on Tuesday to attend the grand opening of Century 21 Bradley Realty Inc.’s new branch at the Dupont Place strip mall, 2928 E. Dupont Road. “Nationally,… Read more »

By Claude R. Marx  WASHINGTON — House Financial Services Committee Chairman Spencer Bachus said Tuesday an overabundance of regulation is hampering the nation’s economic recovery.   “Regulation is killing America,’’ the Alabama Republican told NAFCU’s Congressional Caucus at the Mayflower Hotel. He said the government issues a new regulation once every two hours and 20… Read more »

By NAFCU September 21, 2011 Regulatory overreach was a recurring theme during NAFCU’s Congressional Caucus Tuesday, with House Financial Services Committee Chairman Spencer Bachus, R-Ala., urging attendees to tell lawmakers how credit unions are being impacted. To illustrate the excessive number of regulations under the Dodd-Frank law,… Read more »

A proposal to punish the hard-money regional bank presidents. Among Washington's modern ironies is that liberals think a Federal Reserve that is increasingly a creature of the White House and Congress has too much independence. So along comes Barney Frank with a plan to make the central bank even more political than it already is, in particular by cutting out its regional presidents and… Read more »

By Ben Weyl, CQ Staff As part of his new jobs package, President Obama endorsed a GOP proposal that would exempt smaller companies that are planning to sell public shares from registering with the Securities and Exchange Commission. In his Thursday speech, Obama said his plan would “cut away the red tape that prevents too many rapidly growing startup companies from raising capital and… Read more »

By David Hirschmann Earlier this month, former S.E.C Chairman Arthur Levitt published an Op-Ed piece in The New York Times, entitled “Don’t Gut the S.E.C.”  Mr. Levitt sees only two approaches to regulatory reform when it comes to his former agency: on the one hand, retaining the status quo, or, on the other hand, in his words, “gutting” or “eviscerating” the agency.  We are… Read more »

By Gerri Willis Published July 27, 2011 | FOXBusiness Meet your new bosses. Financial bosses that is. There's Deven Sharma, the president of Standard & Poor's, and Michael Rowan, a global managing director of Moody's Investors Service. Both testified today in front of the House Committee on Financial Services. Two men, two companies, all with the power to make your financial… Read more »

The kind of agency the Harvard professor was for before she was against it. In the hyperbole department, does anyone do it better than Elizabeth Warren? Yesterday she told reporters that today's House vote on a Consumer Financial Protection Bureau reform bill is an effort to "try and kill this agency." Little did we know that accountability and murder were synonymous in the Harvard law… Read more »

By. Representative Jeb Hensarling (R-Texas) Some anniversaries are better left uncelebrated and the one-year anniversary of the enactment of the 2010 Dodd-Frank Act is certainly one of them. Of all the federal government’s confidence killers over the past several years—from the failed “stimulus” package to the government takeover of health care—the Dodd-Frank Act ranks right with them as… Read more »

By Rep. Spencer Bachus Politico The Dodd-Frank Act has been described by supporters and opponents alike as the most sweeping reform of the financial services industry since the Great Depression. It can also be described as a story of the “good, the bad and the ugly.” A few of its provisions represent useful reforms to a financial system that came close to the brink of collapse in… Read more »