Originally posted on CNNMoney

 

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Sen. Richard Shelby (R., Ala.) said Thursday he was skeptical of a new White House plan to use $30 billion banks have returned from the Troubled Asset Relief Program and to help small banks offer more business loans. President Barack Obama briefly mentioned the plan during his State of the Union speech Wednesday night but provided few details. People... 

President Obama has been talking — a lot — about what Washington needs to do to help save small businesses. Over the past week, he’s introduced a half-dozen different initiatives aimed at unlocking credit, creating jobs and expanding the Small Business Administration’s loan programs.  Read More →

Retailers are poised for a major victory in the Wall Street reform bill currently pending in Congress. The Senate adopted an amendment late Thursday that will slap sharp restrictions on the fees issuers levy every time a buyer pays with a debit card.  Read More →

The Federal Reserve’s newest official sounded a bearish note on the economy today and offered a novel case for preserving the Fed’s role as a bank regulator. Narayana Kocherlakota became president of the Federal Reserve Bank of Minneapolis in October. He’s mostly been keeping his head down since then as he settled into his seat at the table... 

The head of a key banking panel is expected Monday to release a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system.  Read More →

The Federal Reserve unveiled a slew of rules Monday aimed at protecting consumers from abusive lending practices blamed for luring millions into unaffordable home loans.  Read More →

President Obama outlined Monday a series of initiatives to help the middle class, as senior administrative officials said his …  Read More →

Janet Yellen , president of the Federal Reserve Bank of San Francisco , is expected to be nominated by President Barack Obama as vice chair of the Federal Reserve Board . Ms. Yellen, 63 years old, has served as a Fed policy maker for almost a decade between her stints in Washington and San Francisco. Dan Francisco Fed President Janet Yellen (Reuters)... 

The Federal Reserve scored a major political victory Wednesday morning when the Senate approved an amendment that allows the Fed to retain supervision over state-chartered banks.  Read More →

I’m guessing someone on President Obama’s speech-writing staff knows something about “search engine optimization” because the …  Read More →

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