Newsroom Headlines

  November 4, 2009 First Day Orders Put CIT Group on Bankruptcy Fast Track Bankrupt commercial lender CIT Group Inc. won approval Tuesday to immediately tap $125 million of a debtor-in-possession loan

  November 3, 2009 House Financial Services Committee to Hold Markup Today The House Committee on Financial Services will hold a full committee markup today on H.R. 2609, Federal Insurance Office Act

  November 2, 2009 Supreme Court to Hear Case on Trustee Powers to Sell Assets Claimed as Exempt The U.S. Supreme Court tomorrow will hear arguments in Schwab v. Reilly (08-538), a case from the Third

  October 30, 2009 Bill Would Extend Time to Fund Pension Plans Congress is again looking to give companies more time to replenish employee pension plans, worried that looming payments will crimp

  October 29, 2009 Financial Regulatory Overhaul Credit-rating Legislation Clears House Financial Services Committee The House Financial Services Committee yesterday voted (49-14) to tighten controls

  October 28, 2009 Bill Seeks to Shift Rescue Costs to Big Banks The Obama administration and House Financial Services Committee Chairman Barney Frank (D-Mass.) unveiled legislation yesterday that

  October 27, 2009 Dodd Seeks to Freeze Credit Card Rates Senate Banking Committee Chairman Christopher Dodd (D-Conn.) moved yesterday to impose an immediate freeze on credit card interest rates, as

  October 26, 2009 U.S. Considers Reining In “Too Big to Fail” Institutions Congress and the Obama administration are about to take up one of the most fundamental issues stemming from the near

  October 23, 2009 Fed Plans to Vet Banker Pay to Discourage Risky Practices The Federal Reserve announced yesterday that it would crack down on pay packages that encouraged bankers to take excessive

  October 22, 2009 House Panel to Examine Role for Bankruptcy and Antitrust Law in Financial Regs Reform The House Judiciary Subcommittee on Commercial and Administrative Law will hold a hearing today