Industry Summits
Rep Frank sees fast terror insurance action
WASHINGTON (Reuters) - The new chairman of the House of Representatives Financial Services Committee said on Thursday he expects swift action to extend a federal program insuring against terrorism risk. Full Article
Fannie, regulator in talks over discipline for execs
WASHINGTON (Reuters) - Mortgage finance company Fannie Mae and its chief regulator are negotiating how best to discipline current executives tied to a massive accounting scandal that forced the company to restate $6.3 billion in past earnings, the regulator said on Thursday. Full Article
Rep Frank: CEO pay vote bill by mid-'07
WASHINGTON (Reuters) - Massachusetts Democratic Rep. Barney Frank said on Thursday he hopes to pass a bill by mid-2007 to give shareholders more say in setting corporate executive pay, a contentious topic for U.S. businesses. Full Article
FTC against new power to stop gasoline gouging
WASHINGTON (Reuters) - The head of the U.S. Federal Trade Commission's competition bureau said on Thursday the agency does not need any new authority from the Democratic-controlled Congress to prevent gasoline price gouging. Full Article
FTC sees rising number of merger probes
WASHINGTON (Reuters) - The U.S. Federal Trade Commission launched more in-depth merger investigations in 2006 as corporate merger activity increased, an agency official told Reuters on Thursday. Full Article
Fed should balance jobs, prices: lawmaker
WASHINGTON (Reuters) - Democrats now controlling the Congress will ask the Federal Reserve to explain how raising benchmark interest rates affects jobs and wages, a key lawmaker said on Thursday. Full Article
Rep. Frank eyes bank, card fee hearings
WASHINGTON (Reuters) - Congressional lawmakers may hold hearings on how freely banks and credit card lenders may change customers' rates or tack on fees, the new head of the U.S. House Financial Services Committee said on Thursday. Full Article
Frank says could act on ILC bank bill by spring
WASHINGTON (Reuters) - If U.S. regulators extend a freeze on bids by retailers such as Wal-Mart Stores Inc. and Home Depot Inc. to own a bank, House lawmakers could act to limit ownership by springtime, a top lawmaker told Reuters on Thursday. Full Article
Lawmaker backs off hedge fund rules
WASHINGTON (Reuters) - Hedge funds can rest a little easier as U.S. Representative Barney Frank, the House Financial Services Committee's chairman, said he will not pursue legislation to impose federal oversight on these largely unregulated investment pools. Full Article
Treasury GSE debt review no threat: Rep. Frank
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson believes a department review of how mortgage companies Fannie Mae and Freddie Mac access debt capital markets will not disrupt their business, a leading Congressional Democrat said on Thursday. Full Article
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