Housing foreclosure settlement should focus on healing housing market, not punishing lenders, says consumer finance protection chief.
Obama brings aboard William Daley, a moderate Democrat and fellow Chicagoan, as his new chief of staff. Daley, seen as a tough but fair manager, could help White House ties to the business community.
Elizabeth Warren understands 'every American has to get a fair shake in their financial dealings,' Obama says.
President Obama signed a sweeping financial reform bill into law Wednesday giving the federal government new powers to regulate Wall Street.
The Dodd-Frank financial reform bill leaves too much discretion to regulators, creating the risk of regulation uncertainty for an industry that needs less risk, not more.
The financial reform bill awaiting final votes in the House and Senate encompasses everything from banking to insurance to African minerals used in high-tech gadgets. Is that a good thing?
Financial reform legislation hammered out Friday between the House and Senate is the biggest set of new bank regulations since the Depression. But experts disagree on whether it can eliminate 'too big to fail' banks and prevent future bailouts.
The new bill, reconciled in Congress early Friday, would impose sweeping new federal regulations on the financial industry.