The Treasury blueprint proposal brought a mixed reaction in Congress. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said "the plan goes too far in diminishing the
The Treasury Department's support for an optional federal charter for insurance as part of a broad overhaul of financial services regulation does not embody an endorsement of any particular piece of l
Calls for a major revamping of the U.S. financial services regulatory system reverberated here last week in the wake of the meltdown of Bear Stearns, and it was made clear greater federal involvement
The two House sponsors of legislation creating an optional federal charter are seeking to win over more lawmakers to their cause by citing a recent finding by Standard & Poor's that new European
Fitch Ratings has moved to reassess the credit ratings on thousands of municipal bonds insured by Financial Guaranty Insurance Corp (FGIC) and XL Capital Assurance Inc. (XLCA), both based in New York
Lawyers for a group of public adjusters who worked in Louisiana handling wind-vs.-water claims caused by Hurricane Katrina are asking a federal appeals court to reinstate their suit for damages under
Lawyers for a group of public adjusters who worked in Louisiana handling wind-vs.-water claims caused by Hurricane Katrina are asking a federal appeals court to reinstate their suit for damages under
The legislation, introduced by Rep. Zoe Lofgren, D-Calif., on March 14 before Congress left on a two-week recess, would reverse an August 2007 ruling by the International Trade Commission upholding a
WASHINGTON--Treasury Secretary Henry Paulson Jr. said yesterday the Bush administration's "blueprint" for modernizing the U.S. financial services industry will address "the important role that insuranc