President Obama urges financial regulators to speed up reforms

WASHINGTON: US President Barack Obama urged the US Senate Saturday to pass Wall Street reform, saying it would help secure the country’s economic future. "The reform bill being debated in the Senate will not solve every problem in our financial system: no bill could," Obama said in his weekly radio address.

President Barack Obama met privately with the nation’s top financial regulators on Monday to prod them to act more swiftly to implement a sweeping overhaul of lending and high-finance rules.

House Committee approves Mortgage Choice Act The house financial services Committee on thursday approved chairman jeb Hensarling’s (R-Texas) Financial CHOICE Act to overhaul Dodd-Frank, after defeating Democratic amendments to the bill. The committee approved the bill along party lines, 34-26. It now goes to the House floor for consideration.

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Obama didn’t have to deal with the crisis President Bush faced, but Treasury Secretary Tim Geithner had to nurse the big banks back to health and rebuild confidence in the financial. high speed.

Obama urges action to bring Dodd-Frank into effect. – Barack Obama urged the top US financial regulators to speed up the implementation of regulations associated with the 2010 wall street reform bill, which have stalled amid disagreements between.

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In the year since President Obama signed the financial regulatory overhaul into law, "The reforms put in place in Dodd-Frank will help to provide for a more. Dodd-Frank encourages coordination among the regulators to address. will inevitably increase compliance costs and decrease investor returns.

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A sweeping reform bill was expected to come to a vote soon in the Senate. The Democratic bill, backed by President Barack Obama. "Whatever reform financial services investors were bracing for, this.

Obama urges senators to support financial reform – Reuters – President Barack Obama urged lawmakers on Saturday to resist pressure to weaken a financial reform bill and called again for an independent consumer watchdog to help prevent future financial crises.

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Efforts to tighten financial regulation picked up speed in the U.S. Senate on. Senate compromise legislation could be on President Barack Obama’s desk by mid-year, said analysts and lobbyists..