Melissa Bean News

Barney Frank this past year has had the chance to do what few congressmen, senators or even presidents ever do.

The approval by the U.S. House of Representatives of its financial regulatory overhaul bill, H.R. 4173, including the creation of a strong consumer regulator, is a step in the right direction.

This weekend, Republicans in Libertyville Township voted to endorse Maria Rodriguez in the 8th district Congressional primary.

The push to create a Consumer Financial Protection Agency to protect consumers from lending and financial abuses stalled today, as a group of Wall Street-friendly Democrats advocated for the agency to preempt state laws against predatory financial behavior.

The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year's Wall Street failures that plunged the nation deep into recession.

The bill gives government new powers to rein in 'too big to fail' companies and to protect consumers.

Congress has opened a new front in the battle over federal preemption - just as lawmakers reached a compromise on the original question.

The House approved dozens of changes late Thursday to the financial regulatory reform bill, including measures to enhance the Federal Reserve Board's power to break up large, complex firms and cap a potential debt guarantee program by the Federal Deposit Insurance Corp.

WASHINGTON – The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year's Wall Street failures that plunged the nation deep into recession.

A congressional committee on Thursday shot down legislation that would have reimbursed depositors at IndyMac Bank for money they lost when the thrift collapsed last summer.

By Alain Sherter Lawmakers in the U.S. are scheduled to vote today on a landmark financial reform bill, including whether to create a Consumer Financial Protection Agency In a twist, Rep.

Members of the House of Representatives on Friday were on the verge of approving the most significant increase in the regulation of U.S. banks and other corporations since the Great Depression.

The U.S. House of Representatives delayed debate on legislation giving regulators power to shrink risky Wall Street firms as leaders debated whether to consider revisions sought by the financial-services industry.

After several hours delay on Wednesday, House leaders conceded to pressure by moderate Democrat Rep.

The man often credited with successfully ending America's long struggle with inflation in the 1980s issued a stern warning to the world's bankers that they aren't doing enough -- or doing the right things -- to prevent further economic collapses.

The House Democratic effort to overhaul regulation of the nation's financial system ran into new internal resistance Wednesday, demonstrating the difficult balancing act the party faces in trying to shape rules to prevent a repeat of last year's financial crisis .

Democrats in the House of Representatives were locked in a struggle on Wednesday over a handful of last-minute amendments to a financial reform bill, preventing floor debate on it from beginning as scheduled.

As the House begins discussion of a massive regulatory reform bill tomorrow, preemption and haircuts for secured creditors are likely to provoke intense debate.

Among six Republicans vying for primary nomination in the 8th CD, Long Grove Village President Maria Rodriguez is the only woman, the only elected official and the only candidate in the raceendorsed today by the Illinois Federation for Right to Life.

Home buyers would get three full days to review their complete mortgage documents before signing them at closing under a bipartisan proposal from Congresswomen Melissa Bean, D-Ill., and Shelley Moore Capito, R-W.Va. Home buyers would get three full days to review their complete mortgage documents before signing them at closing under a bipartisan ...