Regulation, Financial Regulation | featured news

The 2008 financial crisis roiled the banking system and swamped the global economy, leaving millions of Americans jobless, underemployed or facing foreclosure. In its wake, Congress set out to overhaul how the government oversees Wall Street. The result was a sprawling law, the Dodd-Frank Act, which aims to prevent future crises by giving the government new tools and restricting banks' activities. The law may make future crises less likely, but it increases costs for companies, especially banks, and their customers.

The New York Stock Exchange said it will pay $5 million to resolve U.S. regulatory charges that it gave certain customers “an improper head start” on trading information.

Vice President Joe Biden said Tuesday that a Republican-led effort to loosen new regulations on Wall Street would put voters "back in chains."

Mega-banks will have to pay more for U.S. deposit insurance under a new regulation set for final approval on Monday as the government advances a boatload of financial oversight changes.

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.

Congress must act to close gaps in the regulatory system that helped cause the financial crisis, a former head of the Securities and Exchange Commission said....

Senate Republicans, attacked for twice blocking legislation to rein in Wall Street, floated a partial alternative proposal Tuesday and said it could lead to election-year compromise on an issue that commands strong public support....

President Barack Obama scolded Wall Street on Thursday for its "furious efforts" to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented

Senate leaders on Tuesday began their sparring over the financial reform bill, setting the tone for what is expected to weeks of debate on lawmakers' next pitched battle.

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday.