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 12- Goldman Sachs is high on the news radar since the U.S. Justice Department opened a criminal investigation into potential securities fraud at the company.

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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 -April 29- Congressman Bill Owens introduced H.R. 5157, the War on Debt Act.  The legislation enacts a specific blueprint to force Washington to get serious about reducing the national debt and eliminate American dependence on foreign creditors.

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Washington DC -April 28- An art and antiques dealer has agreed to plead guilty to federal fraud charges related to a $2 million sale of a fabricated Picasso pastel.

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Washington DC -April 27 - The EPA’s promise of a taxpayer funded cash prize for a YouTube video contest contiunes to attract concern.

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Washington DC –April 26- Congressman Spencer Bachus (AL-6) Spencer Bachus today released the following statement regarding the Securities and Exchange Commission (SEC) Inspector General’s report detailing numerous instances of SEC employees using government computers and time to view pornography.

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Washington DC –April 26- Teamsters General President Jim Hoffa today called on the Senate to push forward with tough financial regulation of Wall Street.

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Washington DC -April 26- U.S. consumers are being inundated with prerecorded “robocalls” from companies claiming they can negotiate lower credit card interest rates – for a fee.

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Washington DC -April 19- The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.

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Washington DC - April 15 - The Obama Administration released questions for  public comment on the future of the housing finance system, including Fannie Mae and Freddie Mac, and the overall role of the federal government in housing policy.

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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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