For the past week or so we've been discussing the proposal for limiting the size of financial institutions. There's an ongoing debate about the maximum size to which a bank should be allowed to grow and how to go about breaking up banks that become too large. Earlier this week we covered some of the arguments given by the supporters of limiti...
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This week there have been reports that credit scores of millions of Americans have been sinking to new lows. Fair Isaac recently reported that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below. FICO's findings show an increase of about 2.4 million people in the lowest credit sco...
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The Wall Street Reform and Consumer Protection Act is expected to have enough support to become law. Both the House and Senate will vote next week. If the bill passes, President Barack Obama is expected to sign the package into law by July 4.
Bureau of Consumer Financial Protection The new law will create a bureau within the Feder...
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