Editorial Results (free)
1. Lawmakers to Fed: We Want Details About Leak Probe
- Friday, February 06, 2015
WASHINGTON (AP) – Two Democratic lawmakers are asking the Federal Reserve for details on its reported probe of a leak of market-sensitive information about interest-rate policy.
Sen. Elizabeth Warren of Massachusetts and Rep. Elijah Cummings of Maryland requested the information Thursday from Scott Alvarez, the central bank's general counsel. The Fed's investigation focuses on a 2012 leak of information on the closed-door internal deliberations of Fed policymakers, the lawmakers said in a letter. They cited several news reports in December.
2. Student Debt, Rising Rents Take Bite Out of Real Estate Market
- Saturday, January 31, 2015
Hefty student loans are a major stumbling block for young Americans as they try to buy their first home, a National Association of Realtors’ annual survey shows.
In spite of an improved job market and low interest rates in 2014, the number of first-time homebuyers dipped to 33 percent, down 5 percent from the previous year and the lowest since the National Association of Realtors began tracking the rate in 1981.
3. Departing Postmaster General Slams Banking Duties Proposal
- Wednesday, January 07, 2015
WASHINGTON (AP) – Retiring Postmaster General Patrick R. Donahoe scoffed Tuesday at suggestions that the Postal Service could ease some of its chronic financial woes by branching out and offering basic banking services to its customers.
4. Willow Lake Sales Positive News For The Market
- Friday, October 24, 2014
The sale this week of five properties inside Willow Lake Business Park and Corporate Park for $4.2 million was welcome news for several reasons.
For one, true owners tend to take much better care of properties and market them more aggressively than special servicers like Bethesda, Md.-based CWCapital Asset Management.
5. Senate Republicans Block Student Loan Bill
- Thursday, June 12, 2014
WASHINGTON (AP) – Senate Republicans on Wednesday blocked legislation aimed at letting people refinance their student loans at lower rates, a pre-ordained outcome that gave Democrats a fresh election-year talking point against the GOP.
6. Obama Moves to Extend Student Loan Payment Relief
- Tuesday, June 10, 2014
WASHINGTON (AP) – Aiming to alleviate the burden of student loan debt, President Barack Obama expanded a program Monday that lets borrowers pay no more than 10 percent of their income every month, and threw his support behind more sweeping Senate legislation targeting the issue.
7. Senate Set to Finish Work on Student Loan Deal
- Thursday, July 25, 2013
WASHINGTON (AP) – Borrowing for tuition, housing and books would be less expensive for college students and their parents this fall but the costs would start climbing almost immediately under a deal the Senate was poised to pass Wednesday.
8. Senators: Student Loan Interest Rates to Double
- Friday, June 28, 2013
WASHINGTON (AP) – Student loan rates will double Monday – at least for a while – after a compromise to keep student loan interest rates low proved unwinnable before the July 1 deadline, senators said Thursday.
9. Senate Panel Considers Labor Board Nominees
- Friday, May 17, 2013
WASHINGTON (AP) – Senate Republicans said Thursday they would not support five nominees to the National Labor Relations Board, raising the possibility the troubled agency could be rendered mostly inoperable later this year.
10. Top White-Collar Crime Prosecutor Getting SEC Job
- Friday, January 25, 2013
WASHINGTON (AP) – President Barack Obama will nominate former U.S. attorney Mary Jo White, who built a reputation prosecuting white-collar crimes, to lead the Securities and Exchange Commission, an agency that has a central role in implementing Wall Street reform.
11. AP IMPACT: Aggressive Start for Consumer Bureau
- Thursday, September 13, 2012
WASHINGTON (AP) – The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.
12. Obama Signs Insider Trading Ban by Lawmakers
- Thursday, April 05, 2012
WASHINGTON (AP) – President Barack Obama signed legislation Wednesday barring members of Congress, the president and thousands of federal workers from profiting from nonpublic information learned on the job, calling it an embodiment of the fundamental American value of fair play.
13. Consumer Finance Chief Touts Enforcement Powers
- Wednesday, January 25, 2012
WASHINGTON (AP) – The government's new consumer finance watchdog agency is prepared to sue companies that offer unfair or deceptive mortgages and credit cards, its director said Tuesday.
14. GOP Blocks Obama Nominee to Head Financial Agency
- Friday, December 09, 2011
WASHINGTON (AP) – The battle over the future of a new financial watchdog office escalated Thursday with Senate Republicans blocking confirmation of the man President Barack Obama named to head the office and Obama countering by holding out the possibility of appointing the nominee when Congress is on recess.
15. Consumer Protection Nominee Promises Cooperation
- Wednesday, September 07, 2011
WASHINGTON (AP) – President Barack Obama's nominee to head the new Consumer Financial Protection Bureau is promising to be accountable to Congress and is playing down the lawsuits his agency will be able to file against banks and other financial institutions.
16. House Tries to Shackle New Consumer Agency
- Friday, July 22, 2011
WASHINGTON (AP) – As the new Consumer Financial Protection Bureau officially opened its doors Thursday, the House was considering legislation that would restrict its power.
Republican sponsors of the bill say they are simply trying to promote transparency and accountability in the agency that was created a year ago as part of President Barack Obama's overhaul of the rules governing financial markets.
17. Obama Appoints Cordray to Lead Consumer Agency
- Tuesday, July 19, 2011
WASHINGTON (AP) – President Barack Obama moved Monday to get a new consumer protection bureau up and running, introducing a former Ohio attorney general as director, in an apparent acknowledgment that the woman who masterminded the agency couldn't win Senate confirmation.
18. GOP Uses Budget, Other Tools to Sap Financial Law
- Wednesday, July 06, 2011
WASHINGTON (AP) – Congressional Republicans are greeting the one-year anniversary of President Barack Obama's financial overhaul law by trying to weaken it, nibble by nibble.
Wary of attempting to dismantle the entire statute and being portrayed as Wall Street's allies – banks are among the nation's most unpopular institutions – GOP lawmakers are attacking corners of it. They can't prevail because they don't control the White House or Senate, but they may be able to force some compromises on agency budgets, pressure regulators and influence some of Obama's nominations.
19. Republicans Say New Consumer Bureau Too Powerful
- Thursday, March 17, 2011
WASHINGTON (AP) – House Republicans said Wednesday that a new government agency designed to protect consumers from problems with mortgages, credit cards and other lenders has too much power. They also criticized it for participating in a federal-state effort to force mortgage servicers to change the way they foreclose on troubled homeowners.
20. Warren: Credit Markets Need Fundamental Change
- Friday, December 03, 2010
WASHINGTON (AP) — The Obama administration official leading the effort to set up a consumer financial protection agency says credit markets need fundamental change to better protect consumers.
21. Warren to Bankers: Regulation is Good for You
- Friday, October 01, 2010
WASHINGTON (AP) – Obama consumer finance adviser Elizabeth Warren took a conciliatory tone with bank executives Wednesday, asking them to work with her on new disclosures that will make credit cards fairer and easier to understand.
22. Warren and Geithner Tackle Mortgage Forms
- Wednesday, September 22, 2010
WASHINGTON (AP) – The Obama administration is promising to move quickly to simplify the paperwork consumers receive when taking out a home mortgage.
Obama adviser Elizabeth Warren and Treasury Secretary Timothy Geithner said that the administration was committed to implementing, as soon as possible, several consumer protections that are part of the sweeping overhaul of the financial system that Congress passed in the summer.
23. Obama Names Consumer Advocate Warren to New Post
- Monday, September 20, 2010
WASHINGTON (AP) – President Barack Obama named Wall Street critic Elizabeth Warren a special adviser Friday and tasked her with setting up a new agency to look out for consumers in their dealings with banks, mortgage companies and other financial institutions.
24. Butler Snow’s Wilmesherr to Discuss Financial Reform
- Thursday, September 16, 2010
Edward Wilmesherr, a partner in the law firm of Butler, Snow, O’Mara, Stevens & Cannada PLLC, admits he doesn’t do a lot of texting.
25. Obama Could Name Warren Interim Consumer Head
- Wednesday, September 15, 2010
WASHINGTON (AP) — As President Barack Obama looks for someone to head a new consumer protection bureau, he could name Elizabeth Warren, the popular but polarizing consumer advocate, on an interim basis, a move that would allow her to avoid a potentially contentious Senate confirmation hearing.
26. Obama: Not Yet Ready to Name Consumer Bureau Head
- Monday, September 13, 2010
WASHINGTON (AP) – President Barack Obama praises consumer advocate Elizabeth Warren as a "dear friend" and says he has discussed a new Consumer Protection Bureau with her. But he says he's not ready to announce a new director for the agency.
27. Obama Overtures to Business Fall Flat
- Tuesday, August 10, 2010
WASHINGTON (AP) – Labeled antibusiness by Republicans and some corporate chiefs, President Barack Obama mounted a campaign to show he wasn't. But his charm offensive has hit a rocky patch.
Business leaders gripe about burdensome new financial and health care regulations, what they see as unfriendly tax policies and vast government spending. They were put off by Obama's harsh depiction of "fat cat bankers" and "reckless practices," a label he applied both to Wall Street and to oil-spill giant BP.
28. Congress Acts, But Bank Bill Has Work Ahead
- Monday, July 19, 2010
WASHINGTON (AP) — In the end, it's only a beginning.
The far-reaching new banking and consumer protection bill that President Barack Obama intends to sign on Wednesday now shifts from the politicians to the technocrats.
29. Geithner Sees US Taxpayer Recovery on Bailout
- Wednesday, June 23, 2010
WASHINGTON (AP) — Members of a watchdog panel on Tuesday pressed Treasury Secretary Timothy Geithner on looming losses for banks and foreclosure relief for struggling homeowners, as he assured them that U.S. taxpayers are recovering their investment from the $700 billion financial bailout.
30. Watchdog: Obama Foreclosure Plan Leaves Many Out
- Thursday, April 15, 2010
WASHINGTON (AP) - A watchdog panel overseeing the financial bailouts says the Obama administration's flagship mortgage aid program lags well behind the foreclosure crisis and leaves too many families out.
31. Midtown’s Towery Building Faces Foreclosure
- Friday, April 09, 2010
The Midtown office building at 1835 Union Ave. that houses the sheriff campaign headquarters of Randy Wade has been foreclosed.
32. Only 10K Permanent Loan Modifications as of Oct.
- Friday, December 11, 2009
WASHINGTON (AP) - Only about 10,000 homeowners received permanent loan modifications this fall under the Obama administration's mortgage relief plan, more evidence of serious failings in the government's effort to stem the foreclosure crisis.
33. Administration Extends $700B Bailout Until Oct.
- Thursday, December 10, 2009
WASHINGTON (AP) - The Obama administration has extended the $700 billion financial bailout program until October, setting up a struggle between Democrats who favor using some of the leftover money to help generate jobs and Republicans who say it should be used to shrink soaring budget deficits.
34. Memphis Bar Association Names New Board Members
- Tuesday, December 08, 2009
The Memphis Bar Association has appointed new officers and new members to the board of directors for 2010.
Ricky E. Wilkins of the Law Offices of Ricky E. Wilkins will serve as president. John Cannon of Shuttleworth Williams PLLC will serve as vice president and Gary K. Smith of Apperson Crump Maxwell PLC will serve as treasurer. Linda Warren Seely of Memphis Area Legal Services Inc. will serve as secretary.
35. Memphis Bar Assn. Elects New Officers, Board Members
- Monday, December 07, 2009
At the Memphis Bar Association’s Annual Meeting Thursday at The Peabody hotel, the MBA announced its 2010 officers and new members of its board of directors.
Immediate past president Art Quinn passed the gavel to incoming president Ricky E. Wilkins of the Law Offices of Ricky E. Wilkins. John Cannon of Shuttleworth Williams PLLC and Gary K. Smith of Apperson Crump & Maxwell PLC automatically move to the positions of vice president/president-elect and treasurer, respectively. Linda Warren Seely, director of pro bono projects at Memphis Area Legal Services Inc., was chosen as secretary.
36. Taxpayers Risked Trillions at Height of Crisis
- Monday, November 09, 2009
WASHINGTON (AP) - Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets – a strategy that could cause permanent and costly market distortions, a government watchdog says.
37. Foreclosures Still Pervasive in Q3
- Thursday, October 15, 2009
For the third quarter in a row, lenders have seized fewer homes than they did during last year’s foreclosure wave that left a scar across Shelby County’s housing market.
But there hasn’t been a dramatic let-up in local foreclosures, either, suggesting the “L-shaped” label some national economists are using to describe what the future holds for housing, banking and employment. An economic trend following the L shape would see growth plummet, then a flat period of little to no growth.
38. Watchdog Doubts Goals of Obama Loan Relief Plan
- Monday, October 12, 2009
WASHINGTON (AP) - The Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers and may simply delay mortgage defaults for many, a government watchdog group says.
39. Taxpayers Face Heavy Losses on Auto Bailout
- Thursday, September 10, 2009
WASHINGTON (AP) - Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.
40. Treasury Says About $110B Left in Bailout Fund
- Wednesday, April 22, 2009
WASHINGTON (AP) - Only $109.6 billion in resources remain in the government's $700 billion financial rescue fund.
But Treasury Department officials said Tuesday they expect the fund will be boosted over the next year by about $25 billion as some institutions pay back money they have received. That would boost the total to $134.6 billion.
41. Geithner Defends Bank Rescue Program Amid Warnings
- Wednesday, April 22, 2009
WASHINGTON (AP) - Treasury Secretary Timothy Geithner acknowledged continued weaknesses in the U.S. financial system Tuesday, citing declines in consumer lending and higher costs for credit despite billions of dollars of government money for financial institutions.
42. Bailout Monitor Welcomes Mortgage Bankruptcy Plan
- Monday, March 09, 2009
WASHINGTON (AP) - The head of a panel overseeing bailout money is giving high marks to legislation that would let debt-strapped homeowners seek reduced mortgage payments by filing for bankruptcy.
43. Watchdog: Treasury Overpaid for Bank Stocks
- Friday, February 06, 2009
WASHINGTON (AP) - The federal government overpaid for stocks and other assets in attempting to help financial institutions last year, a government watchdog said Thursday, taking further issue with the beleaguered $700 billion rescue program.
44. Administration Says Big Reforms Coming to Bailout
- Thursday, January 29, 2009
WASHINGTON (AP) - The Obama administration is increasing transparency in the government's controversial $700 billion financial rescue program and said Wednesday that more reforms are in the works.
45. Obama Team Looks to Revamp Financial Bailout
- Monday, January 12, 2009
WASHINGTON (AP) - President-elect Barack Obama's economic team is broadening the mission of the 700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments.
46. Where’d the Bailout Money Go? Shhhh, It’s a Secret
- Tuesday, December 23, 2008
WASHINGTON (AP) – Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you, they don’t feel the same need to say how the money will be spent.
47. Oversight Panel Questions Treasury On Bailout Plan
- Thursday, December 11, 2008
WASHINGTON (AP) – A congressional panel reviewing the government’s $700 billion rescue of the financial sector questioned how the money is being spent and whether it’s helping homeowners avoid foreclosure.
48. Archived Article: Rise (lead)
- Tuesday, February 03, 2004
Education efforts to show bankruptcy problems, freedom
RISE Foundation Combats Bankruptcy
Nonprofit works to teach citizens about alternatives
The Daily News
Organizers at the RISE Foundation are hitting the road in an eff...
49. Archived Article: Calendar
- Monday, March 23, 1998
March 23 March 23 The League of Women Voters will meet at 7 p.m. at the Poplar-White Station Public Library, 5094 Poplar Ave. The speaker will be Gay M. Johnston, executive director of the Memphis Literacy Council. For more information, call 327-689...