Tagged: Christopher Dodd

Lobbying the financial reform act

Intense lobbying is under way over the Dodd-Frank financial regulatory reform act, with federal agencies needing to fill in the details of at least 243 financial rules and conduct 67 studies before implementing the most sweeping such law since the 1930s.  Political science Professor Graham Wilson, author of “Business and Politics,” says citizens should be […]

Financial regulatory reform passed

With the Senate finally passing the complex financial regulatory reform law and sending it to President Obama for his signature, the work now turns to the hundreds of regulations and dozens of studies which must be completed to implement the most sweeping financial reform since the Great Depression. But while regulators work on all of […]

Brown gets reform bill changed

By threatening to withhold his vote for the final compromise, Massachusetts GOP U.S. Senator Scott Brown (l.) got the Democratic negotiators on the financial regulatory reform bill to delete a $19 billion fee on large financial institutions to cover costs of implementing the new law.  Law Professor Cornelius Hurley, director of the Morin Center for […]

Wall Street reform bill threatened

The death of U.S. Senator Robert Byrd (r.) is threatening to delay passage of the sweeping Wall Street regulatory reform legislation until mid-July after it had been on track for House and Senate votes this week.  Law Professor Cornelius Hurley, a former counsel to the Federal Reserve Board of Governors and now director of the Morin […]

Deadline for financial regulatory reform

Congress is down to its self-imposed deadline to come up with a financial regulatory reform bill, leaving some of the most controversial provisions — like how to deal with the trading of derivatives — to the final hours.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former […]

Financial regulatory reform stalled

Acknowledging the political risk of appearing to stall a popular cause, Senate Republicans voted to delay the start of floor debate on the financial regulatory reform bill — at least without some concessions first.  Experts from three BU schools — Law Professor Cornelius Hurley, Mark Williams, who teaches finance at the School of Management, and political science Professor […]

GOP changing tone on financial reform

On the heels of the SEC suing Goldman Sachs for fraud, key Senate Republicans are easing up on earlier harsh criticism of financial regulatory reform bills offered by the Democrats.  Political science Professor Graham Wilson, author of “Only in America? American Politics in Comparative Perspective,” says the shift makes political sense. “The political costs of […]

Driving derivatives deregulation

With efforts to regulate the trading of derivatives stalling in the Senate Banking Committee, members of the Senate Agriculture Comittee are taking a stab at it, hoping to add it to an 0verall financial reform bill the banking panel is crafting.  Law Professor Elizabeth Nowicki, both a former SEC attorney and Wall Street lawyer, says […]

Financial reg-reform bill under fire

Financial institutions and their allies are gearing up their lobbying effort to weaken Senator Dodd’s proposed financial regulatory reform bill.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says the proposed creation of a separate consumer-protection group within the Fed could […]