Much is hazy about the Dodd-Frank bill, even though it has passed. Will the goals of the reform bill really be met? On July 15, the Dodd-Frank Wall Street Reform and Consumer Protection Act passed 60-39 in the Senate. Next week, President Obama is expected to sign it into law.1 “Because of this reform, the [...]

Congress agrees on a bill. How would it change the financial landscape? President Obama will likely sign a bill into law ordering changes in the ways banks, credit card issuers and mortgage lenders interface with consumers. One could successfully argue these won’t stave off another financial meltdown, but here are the key features of the [...]