The head of the Securities and Exchange Commission said Friday she favors a new proposal for federal regulators sharing oversight of companies that pose financial risks to the economy.
A judge says a Florida law that would make it more expensive for travel agents to book trips to Cuba is unconstitutional because it interferes with foreign policy.
President Barack Obama says the market is the most effective mechanism for producing wealth, but it goes off the rails sometimes.
Hedge funds generally accept the Obama administration's proposal to require managers to register with regulators, but want to ensure their information will be kept confidential when Congress acts, the head of the industry's trade group said Tuesday.
Capitalism can't always be trusted. If you're too big to fail, you're too big to make all your own decisions, according to the emerging view in Washington.
The head of the Securities and Exchange Commission said Thursday the agency must play a key role as an independent watchdog protecting investors in the new system of financial regulation that is being crafted.
The Obama administration's aggressive plan for strict scrutiny of hedge funds and other freewheeling investors, part of the biggest expansion of financial restraints since the Great Depression, is drawing instant opposition from Republican lawmakers and the rules' targets. And skeptics are questioning whether the new rulebook would work anyway.
The administration wants Congress to act quickly on legislation that would give it sweeping new powers to seize financial firms whose collapse could jeopardize the U.S. economy, Treasury Secretary Timothy Geithner said Wednesday.
Giving the government new powers to seize big troubled companies on Thursday became the new focus of debate in Congress as lawmakers and the administration begin efforts to overhaul the nation's financial rule book.
Britain's financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds.
Greater transparency from banks, corporations and other market players will be demanded under the overhaul of the nation's financial rules that Congress is embarking on, but the role of the Federal Reserve is an early sticking point in those plans.
Congress is moving forward on an ambitious project to impose new government reins on the financial markets. A House panel on Thursday cleared a measure to expand regulation of complex financial instruments and the authority of a small federal agency.
Congressional leaders are proposing new government oversight over Wild West corners of the financial markets that operate largely in secrecy and have been pinned as potential threats to stability. Fresh targets are hedge funds and the $60 trillion global market in credit default swaps — a form of insurance against loan defaults.
Britain's top financial regulator said Wednesday institutions such as the International Monetary Fund must tackle the economic crisis, but that global rules — and perhaps even a world regulatory body — will be needed eventually.
The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules in place to make that happen, the head of the Nasdaq stock market said Thursday.
The head of the federal agency that oversees commodities trading wants to replace it and the Securities and Exchange Commission with three new regulators to better deal with an increasingly complex financial system.
Lawmakers waded gingerly Tuesday into a complex debate over how to overhaul the regulatory structure overseeing the U.S. financial system, promising stricter rules governing risky financial products that are seen as responsible for the current financial crisis.
With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months.
A Florida law that would make it more expensive for travel agents to book trips to Cuba is likely unconstitutional, a federal judge ruled Wednesday.
Comcast Corp. is appealing an FCC ruling that the company is improperly blocking customers' Web traffic, triggering a legal battle that could determine the extent of the government's authority to regulate the Internet.
A divided Federal Communications Commission has ruled that Comcast Corp. violated federal policy when it blocked Internet traffic for some subscribers and has ordered the cable giant to change the way it manages its network.
A recommendation to punish Comcast Corp. for blocking subscribers' Internet traffic should serve as a warning to other service providers, the nation's top telecommunications regulator said Friday.
A heavier federal hand is reaching into American life as politicians in both parties demand an overhaul of government financial regulation and more protection for homeowners in the face of mortgage woes and a weakening economy.
Federal Communications Commission Chairman Kevin Martin said Tuesday his agency has all the authority it needs to prevent Internet service providers from discriminating against Web surfers and that new legislation is unnecessary.
The organizer of a federal hearing at Harvard Law School on Comcast Corp.'s treatment of subscriber Internet traffic on Wednesday said "seat-warmers" apparently hired by the company prevented other attendees from getting in.