Christopher Dodd

On Monday, the Senate resumed the debate on legislation to overhaul financial regulation. According to the Washington Post, the Republican Senators are now pushing for an amendment that will wind down the government-controlled mortgage finance giants Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE:...

Democrats are struggling to garner 60 votes required to advance the Financial Regulation bill. On Tuesday, the Republicans managed to stall the bill for second day in row. The bill could not get past Monday’s 57-41 tally. The bill is expected to go for another vote. Democrat Senator Christopher...

Senators are close to reaching a bipartisan agreement on financial regulation reform legislation. However, Senators concede that the deal may not get through before a key vote tomorrow. According to Reuters, Christopher Dodd, chairman of the Senate Banking Committee, and Senator Richard Shelby,...

As the day to present the financial regulation bill nears, Republicans, who have earlier opposed the bill, seem to have toned down their opposition on Tuesday. According to the Financial Times, Republican lawmakers have restarted talks with Democrats, hoping to cut a deal on the issue before the...

The U.S. financial regulation bill is expected to hit the Senate floor as early as Wednesday. The Senate Banking Committee Chairman, Chris Dodd, said on Monday he was flexible in altering plans for a $50 billion fund to pay the costs associated with the winding down of a failing financial...

Investor concerns abound over weakening financial system reforms. In an effort to win bipartisan support for his bill, Senate Banking Chairman Christopher Dodd is toning down plans to create an independent agency to regulate consumer financial products like mortgages and credit cards. The latest...