Dodd-Frank

House to Vote on Bill to Leave Investors Vulnerable, Sponsored by Wall Street Favorite

The House of Representatives is scheduled to vote Tuesday on H.R. 2374, Rep. Ann Wagner’s (R-Mo.) “Retail Investor Protection Act," which has been decried by consumer protection advocates and financial planners alike for actually threatening to leave investors more vulnerable.

Scott Brown Worked to Weaken Wall Street Reform While Taking Wall Street Cash

The Boston Globe reported Monday that while Sen. Scott Brown (R-Mass.) has bragged about his “deciding vote” to pass financial reform, he began working to weaken the legislation as soon as it passed. According to the Globe, “E-mails between Brown’s legislative director and US Treasury Department officials show that Brown advocated for a loose interpretation of the law so that banks could more easily engage in high-risk investments."

Jeb Hensarling Bashes Wall Street Reform While Raking in Wall Street Money

House Republican Conference Chairman Rep. Jeb Hensarling (R-Texas) thinks the Dodd-Frank financial reform legislation passed in the wake of the economic collapse is just terrible. He voted against it in 2009, has sponsored several pieces of legislation this Congress to weaken it, and today he has an op-ed in Politico decrying it as a “a ruthless cocktail of political favoritism, regulatory overreach and radical, unprecedented power consolidation.”

Romney and Wall Street: Friends with Benefits

Somehow this isn't very surprising. Bloomberg reports today on the contuing shift in financial support of Wall Street executives from President Obama to Republican presidential hopeful, and friend of the banks, Mitt Romney.

The Chronicles of Money, Politics, and the Supercommittee's "Dining" Options

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from September 19-September 23, 2011.

The Chronicles of Money, Politics, and How Wall Street Celebrates an Anniversary Every Day of the Year

Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of July 18-July 22, 2011.

ONE YEAR LATER: After Dodd-Frank Financial Reform, Do the Banks Still Run the Place?

This Thursday marks the one-year anniversary of the passage of the “Dodd-Frank Wall Street Reform and Consumer Protection Act,” legislation passed by Congress to rein in the banks and protect consumers from the practices that led to the economic collapse. Since it’s passage, Wall Street interests have continued to exert influence over Congress in efforts to weaken, repeal, or as one bank lobbyist said recently, “reform the reform.”

Not Hitting Your Marks? If You're Wall Street Lobbyists, Just Switch the Target

Lobbyists for Wall Street interests have to be pretty nimble, I guess. Politico reports today on how Wall Street interests, who've recently been dealt some blows in Congress, are shifting their lobbying strategy away from Capitol Hill, and toward the very people in charge of regulating them.

Sen. DeMint to Finance Committee?

Roll Call reports this morning that the possibility of Sen. Jim DeMint (R-S.C.) being named to the Senate Finance Committee has gone up considerably now that Sen. Johnny Isakson  (R-Ga.) backed out of consideration.