Page 4 - Steagall Act News Today

Arbitration by -- the consumer final protection bureau or cfpb was created back in 2008. the bureau was charged with looking at these clauses in response to debt collectors like payday lenders and the student loan companies. set to go into effect. but congress used its 60-day window of congressional review and nixed it last night. this rule and the cfpb itself were put in place by the dodd/frank act. a response to 2008 crisis. and many say that the recession is what precipitated by the gutting o...

1987 crash. one other thing involving trump administration and business is nafta. the trade agreement involving northern american countries. we heard during the campaign president trump threatening to withdrawal from the deal, saying it was the worst deal in history. hes rode that back slightly under pressure from justin trudeau and mexican authorities. however, they have just notified his administration has just notified congress in a 90-day letter from lighthize they are looking to renegotiate...

With congressman cummings and others who share the same commitment. >> thanks a lot. john gizzi. youre both good looking johns, but ill come back. >> thank you, sean. two questions, and first, a japanese news service is reporting this morning that the president will have a meeting with president jinping of china in april. does this mean there is a new meeting before their scheduled meeting at the g20 in july? >> im not going to comment on the presidents schedule of foreign leader visits at this ...

Institution like a bank, like chase could not blav like a casino or hedge fund which is the exactly whats going on right now. if we had the volcker rule, a watered down version of the glass/steagall act, we wouldnt have had the problem with this act. glass/steagall worked perfectly for half a century no matter what people on the republican side want to say. it was a simple many rule easy to enforce and we could have it tomorrow if we wanted. >> jimmy, the debate around regulation always shocks m...

Today saying its clear we need toetd restore the sorts of safeguards that gave us a couple of generations without major banking panics. its clear that is to everyone except bankers and the politicians is bankroll. krugman making the case for increased regulation in the banking sector and yet on "meet the press" this week,. >> you think we needless financial regulation rather than more. >> i think we needless. dodd-frank didnt work. >> dodd-frank didnt work. matt, what do you make of that? >> dod...

Accessing those benefits. what needs to change so that the most vulnerable among americans arent targeted by this big banking institutions? >> well, the the major change i very much a legislative change which is you have to break up the banks and you have to reinvoke the glass/steagall act, because whats happening now is banks are looking at losing a lot of america. bank of america, a prime example. a ton of settlements going on with countrywide. a lot of faulty securities and loans, same thing ...

more funerals in syria today. opposition activists say that 31 people died when syrian troops opened fire on sunday. the attacks on anti-american -- rather anti-government protesters took place in several cities. president assad is warning countries not to recognize the syrian national council, which is set up in turkey last week. that council appears to be positioning itself as syrias next government. crisis talks are happening in egypt today to head off new violence. fighting betwe...