Washington DC -May 24- The U.S. Chamber of Commerce today expressed strong disappointment over the final passage of S. 3217, the “Restoring American Financial Stability Act of 2010.” This bill fails to achieve meaningful financial regulatory reform. As a result, businesses will have less access to capital, less ability to manage risk, and less capability to create jobs.

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Washington DC -May 24- The Consumer Federation of America tonight praised the United States Senate for passing landmark legislation to strengthen and reform regulation of the nation’s financial system. Among its many important provisions, the bill would create a new federal Consumer Financial Protection Bureau and reduce the vulnerability of the financial system to failure, including by regulating the multi-trillion-dollar over-the-counter derivatives market and by making credit rating agencies more accountable for their actions.

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Washington DC -May 17- Bankruptcy filings for the 12-month period ending March 31, 2010, rose 27 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2009, according to statistics released today by the Administrative Office of the U.S. Courts.

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Washington DC -May 10- As required by the Credit CARD Act of 2009, the FTC issued a report regarding “emergency PIN” and “alarm button” devices that would allow users of automated teller machines (“ATMs”) to electronically alert police about crimes at ATMs.

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Washington DC -May 7- Senator John Ensign today commented on Freddie Mac’s request for an additional $10.6 billion from American taxpayers to continue its operations.

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Washington DC –May 5- The American Bankers Association reiterated its opposition to the Obama administration’s proposed “Financial Crisis Responsibility Fee,” arguing that such a proposal would affect both large banks and community banks and ultimately impact borrowing costs for bank customers.

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Washington DC -May 3- The U.S. Department of the Treasury released the final results from the survey of foreign portfolio holdings of U.S. securities at end-June 2009 at http://www.treas.gov/tic/fpis.html. The annual survey was undertaken jointly by the U.S. Treasury, the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System.

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Washington DC -April 27- The U.S. Department of the Treasury today announced the next steps in its plan to sell approximately 7.7 billion shares of Citigroup common stock.

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Washington DC -April 19- Export loan authorizations by the Export-Import Bank of the United States (Ex-Im Bank) more than doubled to $13.2 billion during the first half of the current fiscal year. That is a 125 per cent increase compared to the record $5.9 billion authorized during the same period in Fiscal Year 2009.

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Washington DC - April 15 - President Obama met with congressional leaders with hope that a bipartisan bill on financial regulatory reform is possible despite GOP claims it will encourage government bailouts of financial institutions.

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Washington DC - April 15 - Treasury Secretary Tim Geithner spoke of the meeting between President Obama and congressional leaders on the economic recovery and a need to move forward on a financial regulatory reform package.

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Washington DC - April 15 - The U.S. Department of the Treasury released Treasury International Capital (TIC) data for February 2010. The next release, which will report on data for March 2010, is scheduled for May 17, 2010.

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Washington DC - April 13 - The federal deficit for the first half of fiscal year 2010 is down significantly from last year due to increased tax revenue and less than projected costs associated with the financial system bailout, as reported in The Washington Post.

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Washington DC - April 13 - U.S. Treasury Secretary Tim Geithner outlines the urgent need for strong financial reforms, noting that “the American people have suffered through too much to enact reform that does too little.”

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Washington DC - April 9 - Lessons learned from the Great Depression helped avert disastrous financial collapse during the economic crisis of 2008 according to Federal Reserve chairman Ben S. Bernanke, as reported in The Washington Post.

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