Newsroom Headlines

  April 7, 2010 Senator Shelby Proposes Consumer Financial Protection Agency Senate Banking Committee Ranking member Sen. Richard C. Shelby (R-Ala.) sent a proposal to Democratic counterparts last

  April 6, 2010 Report: Detroit Needs Drastic Change to Avoid Bankruptcy A new report on the Detroit's troubled finances calls on Mayor Dave Bing and the City Council to drastically restructure

  April 5, 2010 Commentary: The FDIC Resolution Process Is a Model for Financial Regulation Reform The Federal Deposit Insurance Corp. has a well-established process that works for failing banks, and

  April 2, 2010 March Consumer Bankruptcy Filings Reach Highest Monthly Total Since 2005 Bankruptcy Overhaul The 149,268 consumer bankruptcies filed in March represented the highest monthly consumer

  April 1, 2010 Lyondell, U.S. Reach Deal on Environmental Claims Lyondell Chemical Co. has reached a settlement worth about $250 million with the United States and various state governments to

  March 31, 2010 Volcker Optimistic for Financial Revamping This Year The White House and one of its top outside economic advisers, Paul A. Volcker, expressed confidence yesterday that legislation to

  March 30, 2010 SEC Probes Other Firms for Use of Lehman Accounting Trick U.S. securities regulators are demanding detailed reports from major financial firms in an attempt to uncover any accounting

  March 29, 2010 Analysis: Mortgage Increases Blunted The struggling housing market appears as though it will sustain less damage than expected this year from a spike in the monthly payments on

  March 26, 2010 U.S. Labor Continues Push for Bankruptcy Reform, Executive Pay Curbs Labor unions are pushing for greater worker protection and added scrutiny of executive pay at companies in

  March 25, 2010 Bank of America to Reduce Mortgage Balances Bank of America said yesterday that it would begin forgiving some mortgage debt in an effort to keep distressed borrowers from losing their