The Office of Thrift Supervision’s functions, including the regulation of federal savings associations, have moved to the Office of the Comptroller of the Currency, the OCC announced Wednesday. Section 312 of the
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The Consumer Financial Protection Bureau commenced operations yesterday and President Barack Obama has nominated former Ohio Attorney General Richard Cordray to lead the new agency, the AP reports. Cordray was nominated over
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The largest financial regulation overhaul in generations made its way through Congress yesterday after Senate approved it and sent it to the desk of President Barack Obama. After almost a year of
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House and Senate lawmakers reached an agreement today on the most drastic overhaul of financial regulations since the Great Depression. The negotiations, which lasted over two weeks, finally came to a compromise
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The U.S. House approved a small-business lending program, which would create a $30 billion government fund for increased lending to small businesses to spur economic growth. The House voted 241-182, and the
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Federal Reserve Chairman Ben Bernanke was pleased with the progress Congress made in drawing up the financial-regulatory overhaul legislation. The U.S. House and Senate came close to an agreement on the proposal
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President Obama gave a speech to financial leaders on Wall Street this morning at Cooper Union in New York. A crowd of around 700 people were present, however, the speech was also
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