Washington

Dodd-Frank advocates critique proposed Financial CHOICE Act

Dodd-Frank advocates critique proposed Financial CHOICE Act

Democrats heard from supporters of the Dodd-Frank Act at a House Financial Services Committee hearing Friday to consider legislation that would undo many of its features.

April 28, 2017 | 03:38 pm
Senate confirms Alexander Acosta as labor secretary

Senate confirms Alexander Acosta as labor secretary

Alexander Acosta was confirmed as secretary of labor by the Senate late Thursday.

April 27, 2017 | 05:55 pm
Keeping an eye on the prize despite uncertain 100 days

Keeping an eye on the prize despite uncertain 100 days

Amid the 30-plus executive orders President Trump has so far issued, there are two that have the potential to deal a sharp blow to American investors and the investment management industry.

April 27, 2017 | 12:01 am
The road to national retirement security goes through the states

The road to national retirement security goes through the states

Letting states experiment with secure choice automatic savings is a pretty small risk to take and help millions of Americans to sleep a bit better knowing they're saving for retirement.

April 27, 2017 | 12:01 am
CHOICE Act hearing to replace Dodd-Frank draws battle lines

CHOICE Act hearing to replace Dodd-Frank draws battle lines

A divided House Financial Services Committee debates the pros and cons of a GOP proposal to replace much of the Dodd-Frank Act, which the House may vote on May 5.

April 26, 2017 | 04:17 pm
Retirement savings deductions unchanged in Trump's tax plan

Retirement savings deductions unchanged in Trump's tax plan

President Donald Trump's tax plan unveiled Wednesday calls for cutting the corporate rate while simplifying individual tax rates and eliminating most deductions except those for retirement savings,...

April 26, 2017 | 02:52 pm

PBGC replenishing its list of outside financial experts

The Pension Benefit Guaranty Corp. is expanding its roster of financial advisers that help it handle large and complex bankruptcy or transactional cases, including the closing of pension plans.

April 25, 2017 | 03:43 pm
MetLife seeks to stop government's appeal of ruling undoing SIFI designation

MetLife seeks to stop government's appeal of ruling undoing SIFI designation

MetLife asks the U.S. Court of Appeals for the District of Columbia Circuit on Monday to defer judgment on the government's appeal of a court decision undoing the firm's designation as a non-bank...

April 25, 2017 | 12:24 pm
Trump signs orders to review FSOC, tax regulations

Trump signs orders to review FSOC, tax regulations

Executive orders calling for a review of the Financial Stability Oversight Council and significant tax regulations issued in 2016 are signed Friday by President Donald Trump.

April 21, 2017 | 02:56 pm
Atlanta Firefighters sues Arconic alleging false information in 8-K

Atlanta Firefighters sues Arconic alleging false information in 8-K

Atlanta Firefighters' Pension Fund files a lawsuit against Arconic Inc., New York, claiming the firm published false information in an 8-K filing with the SEC to frighten shareholders from electing...

April 21, 2017 | 01:39 pm
As DOL fiduciary rule stalls, acting SEC chairman seeks to have agency step in

As DOL fiduciary rule stalls, acting SEC chairman seeks to have agency step in

Securities and Exchange Commission Acting Chairman Michael Piwowar says the agency should take the lead in setting investment advice standards, a position he says is more likely with President Donald ...

April 21, 2017 | 03:43 pm
Deutsche Bank becomes first bank busted for breaking Volcker rule

Deutsche Bank becomes first bank busted for breaking Volcker rule

Deutsche Bank AG is hit with the Federal Reserve's first major fine for failing to ensure traders abide by the Volcker rule's ban on risky market bets — and will also pay even more for letting...

April 21, 2017 | 11:22 am
Dodd-Frank replacement bill to be weighed as lawmakers reconvene

Dodd-Frank replacement bill to be weighed as lawmakers reconvene

A Republican proposal to replace much of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be unveiled when Congress returns April 24.

April 20, 2017 | 03:20 pm
Time for a post-recession review of ‘what worked and what didn’t’ — Fed governor

Time for a post-recession review of ‘what worked and what didn’t’ — Fed governor

As the U.S. economy continues to recover from recession, “this is a good time in my view to ask what worked and what didn’t,” says Jerome H. Powell, a Federal Reserve governor, at...

April 20, 2017 | 04:21 pm
Legislation introduced to guarantee Social Security benefits for public workers

Legislation introduced to guarantee Social Security benefits for public workers

Bipartisan legislation that would allow public-sector workers to receive full Social Security benefits is introduced Wednesday.

April 20, 2017 | 03:38 pm