Administration Lauds New Credit Card Rules under CARD Act

President Obama called new credit card rules that took effect Feb. 22 a “turning point for American consumers.” The new rules marked the effective date of key…

Fed Threatens Broad Ban on Overdraft Fees Unless Fresh Changes in Place by July 1

The Federal Reserve Board Feb. 19 proposed several last-minute changes to rules that limit overdraft charges on transactions at automated teller machine (ATM) and…

New Draft Legislation Expected from Senator Dodd May Put Bank Reform in Striking Distance

Draft legislation that Senate Banking Committee Chairman Christopher Dodd (D-Conn.) is expected to release as soon as the week of Feb. 22 could put the much-delayed goal of…

Senate Jobs Creation Bill Clears Major Procedural Hurdle

Senate Majority Leader Harry Reid’s proposed $15 billion jobs bill cleared a major hurdle Feb. 22, with the Senate voting 62-30 to invoke cloture and end debate on the bill…

Revised Obama Health Care Reform Plan Includes Medical Devices Industry Excise Tax

Revised health reform legislation released Feb. 22 by the White House includes a $20 billion excise tax on the medical device industry, a proposal that was vigorously…

Obama Seeks to Revive Health Care Reform by Raising ‘Cadillac Tax’ Threshold Again

President Obama offered a fresh $950 billion proposal Feb. 22 that would reduce the number of middle-class households that would be affected by an excise tax on high-cost insurance…

EPA Greenhouse Gas Emission Rule Expected Initially to Affect Fewer Than 400 Facilities

A final rule limiting greenhouse gas emissions from large industrial plants could set the annual emissions threshold for Clean Air Act permits at a level “substantially higher” than the…