Financial Reform | featured news

Americans can expect to see tangible results this fall from the task force President Obama created to investigate the financial crisis, New York State Attorney General Eric Schneiderman told TPM Thursday.

Rep. Barney Frank , D-Mass., said he advised President Obama against taking up health care reform following a special election in 2010 that changed Democrats' fortunes in the Senate, saying that he should have instead turned his focus to financial reform.

Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable.

President Barack Obama says consumers would lose if Republicans regain power in Congress and try to roll back his hard-won Wall Street overhaul.

President Obama will sign into law Wednesday the Wall Street reform bill -- the most-sweeping set of changes to America's financial regulatory system since the 1930s.

The Congress on Thursday approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law.

A broad overhaul of the nation’s financial regulatory system cleared one last procedural hurdle in the Senate on Thursday as it headed for final Congressional approval later in the day.

Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Barack Obama of pursuing an agenda that is hurting the U.S. economic recovery.

As vote nears, Senate Democrats don't yet have votes to overcome a threatened GOP filibuster.

West Virginia Governor Joe Manchin on Wednesday put off naming a successor to the late Senator Robert Byrd, which could further complicate passage of financial reform legislation in the U.S. Senate .