All Posts Tagged With: "Barney Frank"

Democratic Lawmakers Call for Regulations To Limit Bank Overdraft Charges

In a move that would affect commercial banks like Bank of America (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and JP Morgan Chase (NYSE: JPM), Democratic lawmakers on Friday publicly called for regulatory changes to banks ability to charge overdraft fees. Rep. Barney Frank, chairman of the House Financial Services Committee, and Chris Dodd, Chairman of the Senate Banking Committee called for legislation that would allow bank customers to opt out of overdraft protection.

Wells Fargo (NYSE:WFC) Raising Credit Card Interest Rates 3 Percentage Points Before New Limits Put in Place

Wells Fargo & Co., of which Warren Buffett has a large stake via his Berkshire Hathaway (NYSE:BRK.A) holding company, has decided to raise its interest rates on credit cards by 3 percentage points before the upcoming rules are put in place, which will limit credit card rates when they are put into effect. Wells Fargo [...]

Support for Ron Paul’s Audit of the Federal Reserve Grows: Over 300 Co-sponsors Now on Board

Understanding that the highly secretive Federal Reserve has had a major role in undermining the value of the U.S. dollar, and unregulated and unaccountable non-government agency had pretty much done whatever it has wanted almost since its inception in 1913, a consensus in growing in the U.S. House that the agency must be reined in [...]

Editorial: Bernanke Caves on Obama’s Provision of Adding More Power to the Fed – Is it Real or a Ploy?

Growing pressure on the beleaguered Federal Reserve has Federal Reserve Chairman Ben Bernanke backpedaling on his original desire to see the Federal Reserve invested with even more power concerning oversight of “systemic risk.” Even in the midst of immense pressure and criticism in not recognizing the crisis, along with how they’ve handled it, it’s puzzling [...]

Ron Paul’s Bill Will Pass Says House Financial Services Chairman Barney Frank

Now that the public is slowly starting to understand the source of many of the booms and busts in history – the Federal Reserve – pressure has been mounting on House Financial Services chairman Barney Frank to bring the bill introduced by Texas Rep. Ron Paul out of his committee and allow a vote on [...]