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The Consumer Financial Protection Bureau’s latest proposed rule has been met with nearly universal scorn by the financial industry. It could soon turn into a legal challenge. Though the open comment period on the so-... Read More
FOR IMMEDIATE RELEASE Monday, August 22, 2016 Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com **Read Better Markets’ entire comment letter on CFPB’s proposed rule on arbitration... Read More
With the Labor Department’s fiduciary rule slated to take effect in April, industry opponents are hinging their hopes on stalling or blocking the regulation through three separate legal challenges. But in the meantime... Read More
I recently sat down for lunch with Dennis Kelleher, the president and chief executive of Better Markets, which Kelleher describes as “an independent, nonpartisan, nonprofit that fights for the economic security and... Read More
WASHINGTON — A new proposed long-term liquidity requirement confers little benefit while adding compliance costs and contradicting existing regulations, according to banks and financial industry trade groups. In a... Read More
WASHINGTON — Three consumer groups are asking a D.C. federal court to deny a trade group’s request for an injunction that would bar the Department of Labor (DOL) from implementing its fiduciary standard rule next... Read More
Donald Trump has finally outlined what he calls his economic plan for the country. In addition to the incorrect facts, shoddy statistics, baseless arguments, exaggerations and misrepresentations (as detailed by so many in... Read More
Big Wall Street banks are asking the U.S. Federal Reserve to grant them an additional five-year grace period to comply with a financial reform regulation known as the Volcker rule, people familiar with the matter said. If... Read More
(Reuters) – It took the Department of Labor three tries to adopt new rules for brokers and financial advisers who sell retirement-related products. As Reuters reported when the new policy was... Read More
Trump's economic vision is a nightmare for Main Street: Monday afternoon, at the Detroit Economic Club, Donald Trump outlined what he called his economic plan for the country. In addition to the incorrect facts,... Read More
NOT BUYING BAYH FOR BANKING — The reaction from the left was swift and severe to the idea that if Indiana Democrat Evan Bayh returns to the Senate he could leapfrog Sherrod Brown and chair the Banking Committee if... Read More
"A fight is brewing in the Kansas and Texas courts over whether to allow advocates and opponents of the Department of Labor’s fiduciary rule to state their case. "Insurer Market Synergy urged a Kansas judge... Read More
"TRUMPENOMICS 101 — The economic plan Donald Trump rolled Monday out was a peculiar mix of supply side tax cuts (though trimmed down from his original proposal) and hard-core protectionism with a side order... Read More
FOR IMMEDIATE RELEASE Monday, August 8, 2016 Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com Washington, D.C. – Better Markets’ CEO and President, Dennis Kelleher, issued this statement... Read More
FOR IMMEDIATE RELEASE Monday, August 8, 2016 Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, sent the attached letter to... Read More
The TBTF wars continue. Better Markets’ Dennis Kelleher emails: “When will the TBTF trade groups realize that just because they say something — however stridently — doesn’t make it true? First,... Read More
Aug. 05, 2016 - 5:45 - President Obama has been flexing his political muscles lately, but what should his role be in the 2016 election? Dennis Kelleher and Brad Blakeman discuss with Chris Stirewalt. View here.
"The UK’s four biggest banks would need to raise another £155bn in fresh capital to withstand a new financial crisis, despite the view of the Bank of England Governor that lenders have an adequate cushion to... Read More
"WARREN ON TRUMP: NUCLEAR WAR IS BAD FOR BUSINESS — In a new Bloomberg Businessweek interview out this a.m., Sen. Elizabeth Warren (D-Mass.) on the huge disparity in Wall Street donations in favor of Hillary... Read More
"The Bank of England’s annual stress tests of the UK’s banks, designed to ensure Britain’s lenders will not be at the heart of another destructive financial crisis, have been branded “worse than... Read More


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