Editorial Results (free)
1. House Panel Wants Session With Ex-Countrywide CEO
- Thursday, February 16, 2012
WASHINGTON (AP) – House investigators want to interview Angelo Mozilo, the former Countrywide Financial Corp. chief executive whose VIP program gave discounted mortgages to member of Congress, other government officials and influential people who could help the company.
2. After Protest, Congress Puts Off Movie Piracy Bill
- Monday, January 23, 2012
WASHINGTON (AP) – Caving to a massive campaign by Internet services and their millions of users, Congress indefinitely postponed legislation Friday to stop online piracy of movies and music costing U.S. companies billions of dollars every year. Critics said the bills would result in censorship and stifle Internet innovation.
3. Wunderlich Meetings Focus on Banking Issues
- Wednesday, May 18, 2011
Not enough people want to – or are able to – borrow money. Yet bank deposits are healthy, and with asset quality improving that means balance sheets are looking better.
Those are some of the themes that emerged at the recent Memphis in May World Championship Bank Tour hosted by Memphis-based full-service brokerage firm Wunderlich Securities Inc.
4. 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.
5. Senate Panel Approves Yellen as Fed Vice Chair
- Thursday, July 29, 2010
WASHINGTON (AP) – A Senate panel on Wednesday approved three of President Barack Obama's picks for the Federal Reserve, including his nomination of Janet Yellen to be the central bank's second-highest-ranking official.
6. Bernanke: Fed to Hold Off on Steps to Aid Recovery
- Thursday, July 22, 2010
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the outlook for the economy remains "unusually uncertain" but that the Fed plans no specific steps "in the near term" to try to fuel the struggling recovery.
7. Obama Signs Sweeping Financial Overhaul Into Law
- Thursday, July 22, 2010
WASHINGTON (AP) – Reveling in victory, President Barack Obama on Wednesday signed into law the most sweeping overhaul of financial regulations since the Great Depression, a package that aims to protect consumers and ensure economic stability from Main Street to Wall Street.
8. Lawmakers Consider Changes to Bank Bill's Fee
- Wednesday, June 30, 2010
WASHINGTON (AP) – House and Senate negotiators who worked out a deal last week on overhauling financial regulations scrambled Tuesday to change a bank fee that has drawn opposition from key Republicans and endangered its passage.
9. In Financial Regs Debate, Senators Look to Details
- Friday, April 30, 2010
WASHINGTON (AP) — Now it's all about the details.
With Republicans ceding the way for debate, legislation to impose sweeping new controls on financial institutions faces a test from both parties. Some Democrats seek tougher restrictions on banks; some Republicans aim to ease consumer protection provisions.
10. Democrats Keep Focus on Wall Street
- Wednesday, April 28, 2010
WASHINGTON (AP) — Aiming their criticism at Goldman Sachs, Democrats on Tuesday used the giant investment firm's legal troubles to draw attention to their financial regulatory legislation and Republican efforts to delay the start of debate.
11. Proposed Consumer Protection Agency Draws Critics
- Monday, April 26, 2010
In his recap of 2009 last week to shareholders in Nashville, First Horizon National Corp. president and CEO Bryan Jordan said the Memphis-based company generally supports reform of the financial industry.
12. Obama Slams Wall Street Ways While Asking Support
- Friday, April 23, 2010
NEW YORK (AP) - President Barack Obama rebuked Wall Street for risky practices Thursday even as he sought its leaders' help for "updated, commonsense" banking regulations to head off any new financial crisis.
13. Corker Optimistic About Financial Overhaul Fate
- Monday, April 12, 2010
CHATTANOOGA (AP) - Republican U.S. Sen. Bob Corker says he is optimistic about approval of financial overhaul legislation but worries that the White House is pushing for a bill that is "tilting too much to the left."
14. Corker Concerned About Financial Overhaul
- Wednesday, March 31, 2010
The Tennessee Republican who’s worked for months to help shape a U.S. Senate bill overhauling the nation’s financial industry expects to see that legislation get pushed “as far to the left as it can.”
15. Potential Reform Legislation Could Change Banking
- Monday, March 15, 2010
The chief financial officer of Memphis-based First Horizon National Corp. told an audience of bank analysts last week the parent company of First Tennessee Bank is crossing its fingers over economic recovery.
16. Corker and Dodd Part Ways On Financial Reform Effort
- Friday, March 12, 2010
Hours after his work as a negotiator for bipartisan financial reform was effectively deep-sixed, Tennessee's junior senator had a simple message:
Tomorrow is another day.
U.S. Sen. Bob Corker also said he wasn't completely blind-sided by word that his Democratic Senate Banking Committee colleague Chris Dodd is putting his own version of a bill on the table Monday.
17. Little Guys, Big Guys
- Monday, February 22, 2010
No one would mistake a local institution like Tri-State Bank for one of Wall Street’s mighty titans of finance, whose recent woes brought the U.S. and world economies to their knees.
18. Volcker Calls for US Commercial Bank Trading Limit
- Wednesday, February 03, 2010
WASHINGTON (AP) - Prohibiting commercial banks from some high-risk trades should be an essential component of broader financial regulations and would cut back on institutions deemed "too big to fail," former Federal Reserve Chairman Paul Volcker said Tuesday.
19. 3 Democrats – 2 Senators, 1 Governor – to Retire
- Thursday, January 07, 2010
WASHINGTON (AP) - With the 2010 election year barely under way, two senators and one governor – all Democrats – ditched plans to run for re-election in the latest signs of trouble for President Barack Obama's party.
20. 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.
21. Obama Looking at All Options for Creating Jobs
- Tuesday, October 20, 2009
WASHINGTON (AP) - President Barack Obama is considering all options to create jobs, including another stimulus package, while trying to pull the economy out of a deep recession and deal with a record deficit, White House advisers said Sunday.
22. Gov't Insurance Option Isn't Quietly Fading Away
- Thursday, October 15, 2009
WASHINGTON (AP) - Fears about high costs of the health care overhaul and mistrust of insurers are rekindling interest in letting the government sell health insurance as part of the plan.
The leading congressional proposal as of Wednesday – a Senate Finance bill that relies on private coverage with no new government plan – could price out some 17 million Americans. And the insurance industry may have unwittingly helped the case for public coverage with a report over the weekend asserting the Finance bill would raise premiums for everyone.
23. BofA: Credit Card Rates Won't Go Up Ahead of Law
- Wednesday, October 07, 2009
NEW YORK (AP) - Bank of America on Tuesday pledged not to hike credit card interest rates or fees before a new law intended to reform industry practices takes effect in February.
Since most Bank of America customers have variable rate cards, however, they could still see their interest rates go up. The interest on variable-rate cards is tied to the rise and fall of the prime rate.
24. Focus on Main St. as Firms Fight Wall St. Rules
- Wednesday, September 16, 2009
WASHINGTON (AP) - Recognizing that many people see them as villains, the financial industry and big business groups working to stop key elements of President Barack Obama's financial overhaul are taking a new tack.
25. Obama Touts Wall St. Changes on Lehman Anniversary
- Tuesday, September 15, 2009
WASHINGTON (AP) - President Barack Obama is going to Wall Street on the first anniversary of the Lehman Brothers collapse to outline financial changes to avert a future crisis like the one that sent the global economy into a tailspin.
26. Senate Shakeup Won't Change Liberal Control
- Thursday, September 10, 2009
WASHINGTON (AP) - An anticipated shake-up in Senate leadership resulting from Ted Kennedy's death won't change a central tenet of this Congress: Liberals are still very much in charge.
27. Obama Breaks Vacation, Keeps Bernanke at Fed
- Wednesday, August 26, 2009
OAK BLUFFS, Mass. (AP) - President Barack Obama announced Tuesday he wants to keep Ben Bernanke on as Fed chairman, saying he shepherded America through the worst economic crisis since the Great Depression.
28. Democrat Resists Subpoenaing VIP Mortgage Records
- Monday, August 03, 2009
WASHINGTON (AP) - House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad.
29. Obama: Health Care Reform Essential to Stability
- Thursday, July 16, 2009
WASHINGTON (AP) - Praising and prodding Congress, President Barack Obama on Wednesday said a vast reform of the nation's health insurance system is required to head off instability to families, industry and the government itself.
30. House Democrats to Open Hearings on Health Bill
- Wednesday, June 24, 2009
WASHINGTON (AP) - House Democrats are pushing forward with a partisan health care bill even as a key Senate Democrat labors to achieve an elusive bipartisan compromise on President Barack Obama's top legislative priority.
31. Obama Announces Agreement With Drug Companies
- Tuesday, June 23, 2009
WASHINGTON (AP) - President Barack Obama on Monday welcomed the pharmaceutical industry's agreement to help close a gap in Medicare's drug coverage, calling the pact a step forward in the push for overhaul of the nation's health care system.
32. Fits and Starts on Health Care Slow Down Bill
- Friday, June 19, 2009
WASHINGTON (AP) - Delays and disputes bogged down a Senate panel considering the details of remaking the nation's $2.5 trillion health care system.
The first formal drafting and voting session on Sen. Edward M. Kennedy's sweeping legislation was given over Wednesday to six hours of speechmaking by senators. Nothing was accomplished on the bill itself, and there were suggestions that a goal of completing committee action before the congressional recess July 4 might not be met.
33. Obama Spells Out Major Financial Rules Overhaul
- Thursday, June 18, 2009
WASHINGTON (AP) - President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression.
34. House Set to Send FDA Tobacco Bill to Obama
- Monday, June 15, 2009
WASHINGTON (AP) - After more than a decade of efforts by smoking opponents, Congress prepared to take a final vote Friday on legislation giving the government far-reaching powers to regulate tobacco and limit tobacco industry marketing and sales practices that lure young people into smoking habits.
35. Dodd's Wife Serves on Health Care Company Boards
- Monday, June 15, 2009
WASHINGTON (AP) - The wife of a senator playing a lead role on a national health care overhaul sits on the boards of four health care companies, one of several examples of lawmakers with ties to the medical industry.
36. Kennedy Health Plan Aids Elders, Young Adults
- Thursday, June 11, 2009
WASHINGTON (AP) - Proposals that would help disabled seniors and healthy young adults are among dozens of provisions tucked into sweeping health care legislation that senators will begin considering next week.
37. US Senate Dems to Start Work Next Week on Health Care
- Wednesday, June 10, 2009
WASHINGTON (AP) - Senate Democrats announced plans Tuesday to begin committee work next week on health care legislation designed to assure coverage for millions of Americans who now lack it, a key objective of the Obama administration.
38. Credit Card Protections Considered by Lawmakers
- Friday, February 13, 2009
NEW YORK (AP) - Swiping your credit card would come with dramatic new protections under regulations considered by Congressional lawmakers Thursday.
Among the industry practices blasted at the Senate Banking Committee's hearing was the piling on of hidden fees on consumers. Fees can be incurred for telephone payments, balance transfers, replacing lost cards and cash advances. Card issuers can also hike interest rates for a variety of reasons.
39. Senate Passes Stimulus; Treasury Unveils Bank Help
- Wednesday, February 11, 2009
WASHINGTON (AP) - The Senate approved President Barack Obama's giant economic stimulus measure on Tuesday, part of a string of powerful government steps that could marshal close to $3 trillion in taxpayer and private money to revive the collapsing national economy.
40. Fed Moves to Help Distressed Homeowners
- Thursday, January 29, 2009
WASHINGTON (AP) – With foreclosures spiking, the Federal Reserve is taking steps to try to keep some distressed borrowers in their homes.
Under the program, the Fed has a number of options to provide relief, including lowering the amount the homeowner owes on the mortgage, reducing the interest rate or lengthening the term of the loan.
41. Former Memphian: RNC Bid a ‘Return to Party Values’
- Thursday, December 11, 2008
He did it as he stood Monday morning in Nashville flanked by Tennessee Lieutenant Gov. Ron Ramsey and former U.S. Sen. Bill Frist. He let it show in a recent letter he sent to the members of the Republican National Committee.
42. White House: Auto Deal is 'Very Likely'
- Tuesday, December 09, 2008
WASHINGTON (AP) - The White House said Monday that it was "very likely" to reach a deal with Congress to help failing U.S. automakers but warned that Democratic lawmakers need to quickly provide their specific proposal.
43. Automakers Pitch Congress Anew on Rescue
- Friday, December 05, 2008
WASHINGTON (AP) - Humbled U.S. automakers pleaded with Congress on Thursday for an expanded $34 billion rescue package, but heard fresh skepticism in a bumpy encore appearance.
"We're here today because we made mistakes," General Motors chief executive Rick Wagoner told the Senate Banking Committee in prepared testimony.
44. Chrysler Exec: Failure Could Spark Depression
- Thursday, December 04, 2008
WASHINGTON (AP) - A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies.
45. Democrats Seek to Lower Expectations for Bailout
- Thursday, November 20, 2008
WASHINGTON (AP) - Top Senate Democrats suggested Wednesday that a bill to rescue Detroit's Big Three automakers was stalled and challenged the Bush administration to take steps to save the industry if congressional efforts falter. The White House quickly rebuffed the suggestion.
46. Bush: Lawmakers ‘Must Listen,’ Vote Yes on Rescue Plan
- Friday, October 03, 2008
WASHINGTON (AP) – President Bush said Thursday “a lot of people are watching” to see if Congress will enact the $700 billion financial rescue plan he called the best chance to restore calm to the financial industry.
47. Financial Bailout Agreement Reached
- Friday, September 26, 2008
WASHINGTON (AP) – Warned of a possible financial panic, key Republicans and Democrats reported agreement in principle Thursday to a $700 billion bailout of the financial industry and said they would present it to the Bush administration in hopes of a vote within days.
48. Exec Pay Limits Gain Support as Bailout Questioned
- Thursday, September 25, 2008
WASHINGTON (AP) - Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.
49. Bernake: Recession Certain Without $700 Billion Bailout
- Wednesday, September 24, 2008
Federal Reserve Chairman Ben Bernanke bluntly warned Congress on Tuesday it risks a recession, with higher unemployment and increased home foreclosures, if lawmakers fail to pass the Bush administration’s $700 billion plan to bail out the financial industry.
50. Democrats Want Pay Limits, Loan Aid in Bailout
- Tuesday, September 23, 2008
WASHINGTON (AP) - Senate Democrats are proposing to add government help for homeowners and limits on executive compensation to the government's $700 billion financial bailout of Wall Street.
51. McCain Says Fed Should Stop Government Bailouts
- Monday, September 22, 2008
GREEN BAY, Wis. (AP) - Republican John McCain said Friday the Federal Reserve needs to stop bailing out failed financial institutions.
The Republican presidential hopeful said the Fed should get back to "its core business of responsibly managing our money supply and inflation" and he laid out several recommendations for stabilizing markets in the financial crisis that has rocked Wall Street and commanded the dialogue in the presidential campaign.
52. Fed, Central Banks Move to Boost Global Confidence
- Friday, September 19, 2008
NEW YORK (AP) - The worst global financial crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world's banking system in an urgent bid to stop further damage.
53. Congress Weighs New Regulations Amid Crisis
- Wednesday, September 17, 2008
WASHINGTON (AP) - A Congress criticized for being asleep at the switch while financial problems festered is eyeing tough new regulations for investment banks and a new government role in the mortgage market as Wall Street reels from another round of collapses.
54. Democrats Call for Foreclosure Freeze
- Friday, September 12, 2008
WASHINGTON (AP) - Four Democratic senators Thursday urged the mortgage companies Fannie Mae and Freddie Mac to freeze foreclosures for 90 days on loans they hold.
The troubled companies, seized by the government Sunday, should help struggling borrowers swap their mortgages for more affordable loans and stay in their homes, the lawmakers wrote the new chief executives and the federal regulator now running Fannie Mae and Freddie Mac.
55. Congress Weighs Fate of Fannie, Freddie
- Wednesday, September 10, 2008
WASHINGTON (AP) – Treasury Secretary Henry Paulson said Congress should view the next few months as a “time out” in the highly charged debate over what to do with mortgage giants Fannie Mae and Freddie Mac.
56. US Spells Out Fannie-Freddie Backstop Plan
- Tuesday, July 15, 2008
WASHINGTON (AP) – Scrambling to bolster eroding investor confidence, the Federal Reserve and the Treasury Department have announced steps to brace slumping mortgage giants Fannie Mae and Freddie Mac.
57. Fed Governor Mishkin to Step Down This Summer
- Thursday, May 29, 2008
WASHINGTON (AP) - Federal Reserve Governor Frederic Mishkin will leave at the end of August and return to teaching at Columbia University, the central bank announced Wednesday. His departure means yet another empty seat on the Fed as it battles housing, credit and financial debacles.
58. Economist: Housing Slump may Exceed Depression
- Wednesday, April 23, 2008
NEW HAVEN, Conn. (AP) - An influential economist who long predicted the housing market bubble cautioned Tuesday that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression, and bailouts will be needed so millions don't lose their homes.
59. Fed Endorses Plan to Curb Shady Home Lending Practices
- Wednesday, December 19, 2007
WASHINGTON (AP) - Activist or cautious regulator? Either way, Federal Reserve Chairman Ben Bernanke appears to be willing to go much further than his predecessor, Alan Greenspan, in cracking down on shady home-lending practices.
60. Hearings This Fall Likely to Consider Rule Changes for Moody's, Standard & Poor's, Fitch
- Friday, August 31, 2007
WASHINGTON (AP) - Lawmakers this fall will consider stricter rules for credit-rating agencies amid criticism that they failed to accurately assess - or warn investors about - the risks that mortgage investments posed to financial markets.
61. Bernanke Discusses Ways to Help Troubled Homeowners
- Friday, August 31, 2007
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke is suggesting that policymakers look for ways to encourage a wider range of mortgages geared for low-income and other borrowers who have been hard hit by the housing slump and credit crunch.
62. Sports Complex Coming To East Shelby County
- Monday, April 30, 2007
For all the time, energy and money Chris Talley is spending on his indoor sports complex at the southeast corner of Houston Levee and Walnut Grove roads, perhaps the wisest investment he's made was a pair of boots so he can plod through the mud.
63. Romney Leads the Pack With Local Campaign Contributions
- Thursday, April 26, 2007
Memphis-area supporters of Mitt Romney, the deep-pocketed Republican businessman from Massachusetts sometimes described as that state's "CEO Governor," write the biggest checks.
Local campaign contributors attracted to Sen. John McCain, R-Ariz., are more numerous. Former New York City Mayor Rudy Giuliani has a small coterie of Memphis campaign donors who nonetheless dig deep into their wallets for him.
64. Archived Article: Law (y2k Act)
- Thursday, May 20, 1999
By STACEY PETSCHAUER Legislating litigation Y2K Readiness and Responsibility Act is designed to reduce the amount and cost of Y2K litigation that could occur in 2000 By STACEY PETSCHAUER The Daily News The U.S. House of Representatives took a flying...