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Editorial Results (free)
1. Congress Looks at Doing Away With the $1 Bill
- Monday, December 03, 2012
WASHINGTON (AP) – American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what's best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.
2. Bernanke Confident on Recovery; Warns on Deficit
- Thursday, April 15, 2010
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke told Congress Wednesday that he has confidence the unfolding economic recovery will have staying power, although it won't be strong enough to bring quick relief to high unemployment.
3. UPDATE: Harold Ford Jr.'s New York Times Op-Ed
- Tuesday, March 02, 2010
Former Memphis Congressman Harold Ford Jr. will not run for the U.S. Senate from New York.
He explained his reasons in an op-ed piece in today's New York Times.
Here is the column in its entirety from the New York Times:
4. Democrats Want to Curb Banks' Overdraft Fees
- Monday, November 02, 2009
WASHINGTON (AP) - Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their accounts, even though some big banks have already curbed high-fee overdraft programs.
5. Commercial Real Estate Woes Grow
- Friday, July 10, 2009
WASHINGTON (AP) – Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry experts warned Thursday.
6. Banks Keep Hiking Rates As Credit Card Law Looms
- Monday, July 06, 2009
NEW YORK (AP) – Credit card reform may be looming in the headlines, but for now the fine print is still hitting consumers hard.
Banks keep raising minimum payments, interest rates and fees, continuing the credit tightening that began last year, even as cardholders are falling further behind on their payments.
7. US Senate Passes Credit Card Overhaul Bill
- Wednesday, May 20, 2009
WASHINGTON (AP) - The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees, hoping to give voters some breathing room amid a recession that has left hundreds of thousands of Americans jobless or facing foreclosure.
8. Credit Card Legislation Faces Senate Test
- Monday, May 04, 2009
WASHINGTON (AP) - Propelled through the House by antibusiness sentiment in tough economic times, legislation putting new reins on the credit card industry now goes to the Senate, where the bill's prospects appear promising.
9. Credit Card Legislation Nearing Success
- Friday, May 01, 2009
WASHINGTON (AP) - Responding to a wave of populist anger, the House moved toward passage of a consumer protection bill to rein in credit card practices and eliminate sudden interest rate increases and late fees that have entangled millions of consumers.
10. Lawmakers Want Banks to Report on Bailout Use
- Friday, April 24, 2009
WASHINGTON (AP) - Lawmakers pressed the Obama administration on Thursday to better track how financial institutions are using the government's financial bailout money, a step the Treasury Department has resisted despite demands from a federal watchdog agency.
11. AIG Says Emergency Aid Used to Pay Other Banks
- Tuesday, March 17, 2009
NEW YORK (AP) - American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts.
12. Fannie, Freddie Execs Ignored Warnings
- Wednesday, December 10, 2008
WASHINGTON (AP) – Top executives at mortgage finance companies Fannie Mae and Freddie Mac ignored warnings that they were taking on too many risky loans years before the housing market plunged, according to documents released Tuesday by a House committee.
13. Insurance Giant AIG's Role in Market Crisis Probed
- Wednesday, October 08, 2008
WASHINGTON (AP) - Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that forced the government to bail out the conglomerate.
14. Fed Official Sees Credit-Card Regulations by Year's End
- Friday, April 18, 2008
WASHINGTON (Dow Jones/AP) - A Federal Reserve official said Thursday that she expects final credit-card regulations aimed at protecting consumers to be rolled out by year's end.
Sandra Braunstein, the Federal Reserve's director of consumer and community affairs, said that the Fed would combine new regulations under the Truth in Lending Act and the Federal Trade Commission Act.
15. Regulators Say They're Closely Watching Markets; Full Economic Impact Not Yet Known
- Friday, September 07, 2007
WASHINGTON (AP) - Congressional Democrats promoting legislative solutions to the mortgage-market crisis said Wednesday that a Bush administration plan doesn't go far enough to protect homeowners who face huge increases in their monthly payments when rates on their adjustable mortgages jump in the months ahead.