In its first unified front on a Wall Street reform proposal, the Senate today approved 93-5 an amendment that outlines the orderly liquidation of large, failing firms that pose systemic risk, while tightening emergency ...

A new consumer protection ‘bureau” with sweeping authority over credit cards, mortgages and other financial products will be housed within the Federal Reserve but retain a degree of autonomy, according a new ...

Senate Banking Committee Chairman Christopher Dodd, D-Connecticut, said today the two parties are still divided on the key financial oversight reform issue of a consumer watchdog agency to oversee credit cards, ...

The proposal to house within the Federal Reserve what was initially planned as an independent consumer agency has rekindled outcries from both sides of the debate – consumer advocates on one and business groups ...

Attempting to garner Republican support for broader financial regulatory overhaul, Senate Banking Committee Chairman Christopher J. Dodd, D-Connecticut, has dropped the proposal for an independent Consumer Financial ...

There’s a good deal missing from the landmark Credit CARD Act taking effect today: Card issuers can still raise your rates on future transactions; impose or raise certain fees; cut your limit or close your account ...

Days before the landmark legislation he helped write takes effect, Sen. Christopher Dodd unleashed some tough words against credit card issuers for raising rates and fees in the nine-month “grace period” ...

It is a proposal that has sparked one of the most contentious debates within financial reform: An independent watchdog agency mandated to protect consumers from unfair practices by the providers of credit cards, ...

The latest attempt by Democratic lawmakers to cap credit card interest rates in light of self-advantageous actions by card issuers is scheduled for Jan. 27, but this attempt is likely headed for the same fate as ...

Sen. Tim Johnson, D-South Dakota, is in line to replace the retiring Christopher Dodd as the chairman of the powerful Senate Banking Committee -  but unlike Dodd, Johnson is a champion of credit card issuers. Johnson ...