Carolyn Maloney News

Submitted by Bill on Thu, 2009-04-30 19:54. Wow, someone in authority is telling the truth... Illinois senator Dick Durbin admits on the radio that "frankly" the banks own congress.

The first nasty floor fight in the health care debate is under way, and ita s all over a bit of theater that Democrats decided to put on at the outset of todaya s proceedings.

U.S. banks collected $28 billion in overdraft fees last year. That's up 35 percent from 2006.

House Votes to Speed Up Credit Card Reforms Maloney-Frank bill will implement credit card reforms immediately upon enactment Washington, DC - The U.S. House of Representatives today overwhelmingly approved legislation sponsored by Reps.

Responding to consumer frustration over rising credit card rates, the House on Wednesday approved legislation to accelerate the implementation of new laws to crack down on abusive practices by credit card companies to December 1. The House voted 331-92 to move up the effective date of recently approved restrictions on credit card companies from the ...

A recent study found the lowest interest rates on most bank cards jumped by more than 20 percent from last December to July.

The White House is quietly working to undercut a key post-Enron reform, significantly weakening protection for everyday investors and threatening the administration's image as a champion for financial regulatory reform.

The Obama administration is pushing House Democrats to spare small public companies the cost of complying with investor-protection rules imposed after the accounting frauds at Enron Corp.

The movement to reform bank fees is accelerating as Congress takes aim at controversial industry policies that encourage consumers to fall into debt on their checking accounts.

The Obama administration came into this summer with a sweeping plan for financial regulation--its proposals for how to prevent another meltdown after the mortgage crisis and the wave of bank failures that led up to President Obama's inauguration and continued to dominate discussion during his first months in office.

Have you checked the interest rates on your credit cards lately? Odds are they're going way up.

Senior congressional Democrats say legislation is still needed to limit when and how lenders charge customers for overdrafts, even though some big banks have curbed their fees for exceeding account balances.

A leading House Democrat backed away Wednesday from a sweeping proposal that would have watered down a post-Enron reform, permanently exempting small publicly-traded companies from a requirement that they obtain outside audits of their internal controls.

The fashion industry might be coming to Washington D.C., and this time, not only to Michelle Obama's wardrobe.

A top U.S. Senate Democrat moved Monday to impose an immediate freeze on credit card interest rates, as congressional Democrats continue their ongoing efforts to rein in perceived industry abuses.

Two House Democrats are planning to introduce amendments Tuesday to exempt small- and medium-sized companies from a key post- Enron reform.

HACKENSACK, N.J. Many of the country's largest banks moved last month to get out in front of lawmakers' plans to curb the piling on of overdraft loan fees that critics say are usurious and prey on those who can least afford them.

For months, Somalis living in Columbus have complained that it has become increasingly difficult to send money home to family members because of banking-industry fears that the funds could end up with terrorists.

Retired NY Firefighter, Kenny Specht, is flanked by Representatives Nadler, D-NY, , and Maloney, D-NY, at a news conference in support of HR 847.

A key House panel on Thursday approved legislation to accelerate the implementation of new laws to crack down on abusive practices by credit card companies to December 1, but agreed to exempt smaller credit card issuers from the new deadline.