Newsroom Headlines

  March 10, 2010 Senate Financial Regulatory Revamp to Seek $50 Billion from Large Firms Key Senate lawmakers have agreed to levy $50 billion in fees on the U.S.'s largest financial companies to cover

  March 9, 2010 U.S. Dry Cleaning Files for Chapter 11 U.S. Dry Cleaning Services Corp. has sought chapter 11 protection and is asking for bankruptcy court approval for interim use of cash collateral

  March 8, 2010 Program Will Pay Struggling Homeowners to Sell at a Loss In an effort to end the foreclosure crisis, the Obama administration's latest program involves offering struggling homeowners

  March 5, 2010 CBO: Proposed Bank Fees Would Be Passed to Customers The Congressional Budget Office has concluded that the Obama administration's proposed fee on the nation's biggest financial

  March 4, 2010 Democrats Unveil Bankruptcy-Law Reforms to Mixed Reaction Proposed legislation to amend the Bankruptcy Code to protect rank-and-file workers' pay and pensions while prohibiting bonuses

  March 3, 2010 Fewer Businesses File for Chapter 11 Protection in February, Consumer Filings Increase 14 Percent       The number of companies that sought bankruptcy protection last month remained

  March 2, 2010 Judge Backs Madoff Trustee's Claims Method Bankruptcy Judge Burton Lifland sided with trustee Irving Picard's 'money-in, money-out' formula to determine the claims for thousands of

  March 1, 2010 Senate Renews Effort to Reach Consensus on Financial Regulation Senate Banking Committee Chairman Christopher Dodd (D-Conn.) met this weekend with Sen. Bob Corker (R-Tenn.) with the

  February 26, 2010 FDIC to Test Principal Reduction for Underwater Borrowers The Federal Deposit Insurance Corp. is developing a program to test whether cutting the mortgage balances of distressed

  February 25, 2010 Obama May Compromise on Consumer Agency to Pass Financial Regulation The Obama administration is no longer insisting on the creation of a stand-alone consumer protection agency as