Jack Reed News

The rules are still being debated within the FDIC, the agency that oversaw the sale of BankUnited Financial Corp.

The law firm of Decof and Decof has settled its dispute over the payment of fees to firms that helped the state sue the nation's paint companies for toxic lead paints that were widely used in Rhode Island several generations ago.

Happy Tuesday! The new Washington Post-ABC News poll suggests Americans still have a generally favorable opinion of President Obama even as confidence slips in his economic stimulus plans.

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Democrats are pressing the Obama administration to find a way out of the foreclosure crisis as they moved ahead with plans to create a government agency that would police the market for risky or deceptive mortgages.

Primary responsibility for derivatives tied to securities, including credit-default swaps, should go to the SEC, agency Chairman Mary Schapiro told a Senate subcommittee in Washington today.

Using President Barack Obama's regulatory overhaul proposal last week as a foundation, a Senate Banking Committee panel is holding a hearing today on how to rein in a market that grew almost seven-fold since 2000 and complicated government efforts to assess the risk of banks' interconnected trading when credit markets froze two years ago.

The Obama administration's $75 billion program to reduce foreclosures has been beset by backlogs and delays, leading many overstretched homeowners to complain about unreturned phone calls and inaccurate information from lenders, while others say they were denied help for reasons that weren't clear.

Detailed work on sweeping health care reforms began on Capitol Hill Wednesday morning.

Race will likely play a major issue in the August 2010 Democratic primary, for which Steve Cohen is running against a popular black politician.

Breaking with tradition, Trinity Rep's Pell Awards are headed home this year. Some 450 people are expected to gather Saturday at Pelican Ledge, the Newport home of the late Sen.

Rhode Island cities and towns will soon be able to borrow, on favorable terms, a combined total of more than $250 million, the state's congressional delegation said on Friday.

Sen. Christopher Dodd, D-Conn. , talks Thursday about the Senatea s passage of a bill to regulate tobacco during a Capitol Hill news conference also attended by Sen.

Something happened, back on Earth Day 2009, that didn't get nearly the fanfare it deserved.

Sen. Chris Dodd has taken the reins on health care reform while he juggles other bills and a tough re-election campaign, Roll Call reports.

U.S. Sen. Sheldon Whitehouse got an earful Monday from frustrated Rhode Island credit card holders.

The run-up to major health care legislation is now a full-on frenzy, and some of the main power-players were in yet another marathon meeting on Monday afternoon in the not-so-secret hideaway office of Senator Edward M. Kennedy .

The words sound almost quaint in this post-subprime age: "Credit. Man's Confidence in Man." But there they are, inscribed on a gilded frieze on the 20th floor of the Moody's Corporation - the same Moody's that, along with its peers, stamped gilt-edged credit ratings on many mortgage securities that are now nearly worthless.

Many U.S. banks need cash. Private equity players are eager to give it to them. Will such deals save banks or set the stage for trouble later? In recent weeks big buyout firms have been scooping up banks - and more likely will follow.

Fortress Investment Group LLC , Crestview Partners LP and Lightyear Capital LLC agreed to inject as much as $150 million each into First Southern Bancorp, part of the Boca Raton, Florida-based banka s plan to increase assets.