Regulation

The banking industry's effort to compensate for lost overdraft-fee income by phasing out free checking has hit a roadblock.

WASHINGTON — The Obama administration proposed Monday to raise the required level of reserves at the Federal Deposit Insurance Corp. to more than $80 billion — a move that would require banks to pony up a huge amount of money.

$30 billion initiative would be separate from Tarp

WASHINGTON — Though President Obama last week said the spate of government programs helping banks was comparable to a "root canal," there can be little doubt that a key part of those efforts — the Federal Reserve Board's multiple liquidity facilities — was vital in staving off economic collapse.

The Securities and Exchange Commission last Wednesday adopted several amendments to Rule 2a-7 governing money market funds that aim to reduce risks by increasing credit quality, improving liquidity, shortening maturity limits and requiring the disclosure of a fund’s “shadow” net asset value.

Consumers, professionals can verify an advisor’s credentials via CFFP or Nasdaq

Advisors would rather seek investment opportunities than revenge.

Their clients are fed up with Washington as a general rule.

What’s hot and what’s not in proposed financial services reform legislation.

The ETF Council, a new trade organization for exchange-traded funds that will focus on both marketing and lobbying, is set to launch next month.