President Obama urges financial regulators to speed up reforms

Obama Signs Sweeping Financial Reform Into Law. Updated 12:39 p.m. Eastern time. president obama today signed into law the most sweeping financial industry reform legislation since the Great Depression, hailing the reforms as establishing "the strongest consumer financial protections in history.".

(CNN) – President Barack Obama met Monday afternoon with "independent financial regulators" to discuss reforms to the banking industry and improvements in the housing market. Fresh off his family vacation to Martha’s Vineyard, Obama specifically discussed the progress made in implementing the Dodd-Frank Wall Street reform law passed in 2010.

President Barack Obama called top U.S. financial regulators to the White House on Monday, instructing them to speed up Wall Street reforms in the face of intense bank lobbying.

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Obama makes a strong case for financial reform. That was a signal, they said, that the president wanted to begin the final push. Since then, his role has consisted of two parts, they said: making the public case that financial reform is necessary, and privately lobbying lawmakers to pass a far-reaching bill.

WASHINGTON (MarketWatch) — President Barack Obama on Monday pressed the chief. to troubled homeowners and end their opposition to bank regulatory reform legislation moving on Capitol Hill. "I.

Pushing Congress to act on proposed financial regulations, President Barack Obama is going to the heart of Wall Street. on "the need to take the next series of steps in financial regulatory reform".

Obama Urges Sweeping Overhaul of Financial Regulation. President Obama’s speech comes nearly one year after Lehman Brothers filed for bankruptcy, helping to set off a global financial crisis that has led to more than $1.6 trillion in losses by financial institutions and unprecedented government interventions in the banking, insurance, and auto industries.

President Obama urged congressional leaders Wednesday. plus regulate the derivatives markets and put in place other reforms. Congressional Republican leaders left the meeting highly critical of the.

Volcker urges sweeping regulatory reform – MarketWatch – Volcker urges sweeping regulatory reform. A longtime advocate of financial reform, Volcker was the chairman of President Barack Obama’s Economic Recovery Advisory Board, which was established in reaction to the financial crisis, from 2009 to 2011.

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