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Banking
PI Original
by Adam Doster
11:45am
Tue Dec 15, 2009

Second State Settles With Oppenheimer Over 529 Losses

Banking

Another state government has settled with Oppenheimer Funds over losses incurred last year because of the company's mismanagement of their 529 college savings program. According to the AP, New Mexico Attorney General Gary King has reached an agreement with firm that will ...

PI Original
by Adam Doster
10:40am
Tue Dec 15, 2009

Moyers Highlights The Showdown In Chicago

Banking

Besides the fight over health care reform and the escalation of the
war in Afghanistan, no issue in Washington has generated as much
attention as financial reform.
Just last week, the House approved a major bill -- against the wishes
of the powerful financial services and ...

PI Original
by Angela Caputo
4:16pm
Fri Dec 11, 2009

Financial Reforms Clear House, No Thanks To IL Republicans (Or Halvorson)

Melissa Bean

Earlier this fall, the Daily Herald editorial board reminded
Illinois' congressional delegation of their own culpability in the
financial market's meltdown, pushing them to take leadership "in fixing
the lack of oversight that contributed to this mess." Today, those
...

PI Original
by Angela Caputo
10:41am
Fri Dec 11, 2009
3 comments

Bean, The Banks, And Weakened Consumer Protection

Consumer protection

Right on schedule, Illinois Democratic Rep. Melissa Bean
threatened to thwart debate on a host of consumer-friendly financial
protectionsthis week if her preemption amendment
wasn't included in the final negotiations. The amendment -- which aims
to weaken the emerging ...

PI Original
by Angela Caputo
10:46am
Thu Dec 10, 2009
1 comment

Mortgage Modification Redux

Housing

U.S. Rep. Melissa Bean isn't the only lawmaker who quietly slipped an amendment
into the financial reform package that's up for debate in the U.S.
House this week. It appears that Sen. Dick Durbin's judicial mortgage
modification proposal reemerged as well. Indeed, Rep. ...

PI Original
by Angela Caputo
2:39pm
Tue Dec 8, 2009
4 comments

As Expected, Bean's CFPA Amendment Resurfaces

Banking

After wrangling over the details of a proposed Consumer Financial
Protection Agency (CFPA) for months now, the House will finally take up legislation to create the consumer watchdog agency this week.  As this bill (H.R. 3126)
made its way through committee during the ...

PI Original
by Adam Doster
2:02pm
Wed Dec 2, 2009

Chicago Small Business Owner: Congress Must Ease Credit Crunch

Banking

With leaders in the Senate building a new package
to protect the economically vulnerable and spur job creation,
legislators are trying to figure out ways to increase lending to small
businesses. The problem came into full focus last month, when a report
from the Treasury ...

PI Original
by Angela Caputo
11:28am
Tue Dec 1, 2009
2 comments

The Fight Over Credit Card Abuse Ramps Back Up

Banking

The banking industry is so, so predictable.
Whenever talk turns toward capping predatory interest rates on credit
cards or other financial products, like clockwork, the group warns that consumers will have to kiss their access to
credit goodbye.  Last Tuesday, in a ...

PI Original
by Adam Doster
3:25pm
Tue Nov 24, 2009
3 comments

IL-SEN: Giannoulias Pushes Financial Reform, Del Valle Endorses Hoffman

Alexi Giannoulias

At a press conference before reporters in Chicago today, State Treasurer Alexi Giannoulias unveiled his financial reform platform, the third installment of the campaign's Future Works America economic plan, which we previously covered. In the video below, the Democratic ...