Rep. Barney Frank Topic Archive

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VIDEO: Barney Frank: Consumer Reforms at Risk in Senate

Financial reform legislation faces an uncertain future in the Senate where Republicans stand opposed to creating a new consumer protection agency. Rep. Barney Frank (D-Mass.), who ushered a financial overhaul through the House last month, explains how the agency was tempered in his bill and may not survive the Senate. President Obama has said creating the agency is a must. » Related Story: Dodd’s Departure Could Endanger Potential Consumer Agency

By Lagan Sebert and Ben Protess
7 January 2010

Dodd’s Departure Could Endanger Potential Consumer Agency

It’s the question buzzing around Washington and Wall Street this week: Will Sen. Christopher Dodd’s sudden retirement announcement further jeopardize his already thorny task of overhauling the nation’s financial regulatory system?

At risk in particular, some Capitol Hill observers say, may be a proposal to create a new consumer protection agency that President Obama has characterized as a must for financial reform.

By Ben Protess and Lagan Sebert
7 January 2010

VIDEO: Barney Frank: Why Credit Raters 'Don't Like' My Bill

After nearly a year of debate, the U.S. House passed an historic overhaul of the nation's financial system last week. Financial Services Chairman Barney Frank (D-Mass.) cracked down on the credit rating industry, which gave top grades to toxic investments at the core of the financial crisis. » Related Story: Barney Frank vs. the Credit Raters

By Lagan Sebert18 December 2009

Barney Frank vs. the Credit Raters

After deftly dodging federal regulation for years, the nation’s top credit rating companies now must get past the formidable Barney Frank.

Last week, as the U.S. House debated the Wall Street reform package crafted largely by Frank, the Massachusetts Democrat quietly slipped regulations into the bill that would force the most significant overhaul of the credit rating industry to date.

By Ben Protess18 December 2009

Financial Reform Moves Forward, With Many Loopholes

As Congress inches toward restructuring financial regulation, lawmakers in the House and Senate have characterized their respective bills as historic. But proposals focused on consumer protection, derivatives and credit rating agencies still allow broad exemptions for key players.

By Rachel Leven and Maria Zilberman
10 December 2009

VIDEO: Frank May Revive Foreclosure Relief Bill

Mounting evidence that the housing foreclosure crisis is only picking up steam prompted House Financial Services chairman Barney Frank today to warn again that he might revive a proposal to change bankruptcy rules. Frank, (D-Mass.), last spring tried unsuccessfully to push through a foreclosure relief bill known as cramdown, which would have allowed federal judges to lower mortgage payments and interest rates for bankrupt homeowners facing foreclosure.

By Lagan Sebert9 September 2009