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Tag Archives: financial reform

Congressional negotiators hope for bank bill vote today

WASHINGTON — Congressional Democrats are inching closer to passage of a major rewrite of financial industry regulations, making fixes as they go. House and Senate negotiators hoped for a vote in the House today and to secure the votes of three straying Republicans in the Senate. The Senate vote, however, is not likely until after Congress’ weeklong July 4 break. ...

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Financial overhaul bill headed for President's desk

WASHINGTON — Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged the nation into a severe recession two years ago. Under sweeping financial overhauls that have now passed the House and Senate, home buyers won’t be able to get a mortgage without producing pay stubs or other evidence they ...

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Cochran wants financial regulation vote

WASHINGTON — Sen. Thad Cochran (R-Miss.) has voted against an effort to limit debate and move toward a final vote on a financial regulatory reform bill, a measure he believes will adversely affect local businesses that offer credit to their customers. Cochran voted against a cloture motion to the Financial Stability Act (S.3217). The Senate voted 57-42 to defeat the ...

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GOP says not opposed to financial overhaul

WASHINGTON — A top House Republican says lockstep GOP opposition to a Senate effort to begin debating a bill revamping financial regulations does not mean his party opposes an overhaul. Senate Democratic leaders are expected to try starting debate today on the overhaul legislation, which will require 60 votes. Senate Republican leaders have said all 41 GOP senators will vote ...

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