Chris Arnold appears in the following:
Friday, February 17, 2017
A lobbying battle is being waged over a rule requiring financial advisers to act in their clients' best interest in retirement planning. It pits financial firms against consumer and retiree groups.
Thursday, February 02, 2017
The financial services industry is hopeful that President Trump will move to delay and perhaps overturn an investor protection rule put in place by the Obama administration. The rule requires that financial advisers act in their clients best interest when it comes to their retirement accounts. It has been widely supported by consumer groups, unions and financial watchdogs. The financial industry lobbied against the rule saying it would have unintended consequences and created too much paperwork to make it worth it for advisers to work with small clients.
Friday, January 27, 2017
Had it gone into effect, the fee cut would have reduced the cost of borrowing for about 1 million Americans a year who buy or refinance houses with loans backed by the Federal Housing Administration.
Wednesday, January 25, 2017
The Dow Jones Industrial Average on Wednesday closed above 20,000 for the first time ever. The stock market has been on an tear since the election of Donald Trump.
Tuesday, January 24, 2017
The president greeted business leaders on his first full weekday in office by promising to eliminate three-fourths of federal regulations. Easier said than done. Much easier.
Wednesday, January 18, 2017
The Commerce Secretary nominee signaled that the Trump administration would respond aggressively to trade violations, but several GOP senators worried that such confrontations could harm the economy.
Wednesday, January 18, 2017
Billionaire Wilbur Ross will testify in front of a Senate committee on Wednesday. Democrats have criticized him as one of the Wall Street elites that Trump is packing into his administration.
Thursday, January 12, 2017
The Consumer Financial Protection Bureau on Thursday is releasing a new report about abuses in the debt collection industry. This comes as the CFPB is crafting new rules to crack down on those practices.
Thursday, January 05, 2017
Donald Trump has nominated Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission. Critics say it's another example of Trump packing his Cabinet with Wall Street insiders.
Friday, December 30, 2016
Former workers at Wells Fargo who resisted pressure to push banking products on customers who didn't want them say the bank retaliated against them by docking their permanent record, sabotaging future job prospects.
Friday, December 23, 2016
Regulators reached a $7.2 billion deal with Deutsche Bank over toxic mortgage securities. President-elect Donald Trump owes the bank hundreds of millions. Credit Suisse agreed to pay $5.3 billion.
Wednesday, December 14, 2016
He's a billionaire respected by organized labor and Trump's pick for secretary of commerce. But Wilbur Ross Jr. still has left-wing critics who see him as a vulture capitalist.
Wednesday, November 30, 2016
Before the election, two prominent economists were predicting that the stock market would fall 12 percent lower if Trump won versus Clinton. But, as it often does, the market surprised everybody and went in the other direction.
Thursday, November 17, 2016
Janet Yellen warned Congress Thursday the timing might not be right for infrastructure spending and questioned Donald Trump's assertions that the Dodd-Frank stock market rules stifle economic growth.
Wednesday, November 16, 2016
We're about to find out whether Donald Trump governs as a populist champion or as a more traditional Republican when it comes to the economy — or a new mix of both.
Wednesday, November 09, 2016
In his acceptance speech, Trump pledges investments for U.S. infrastructure, adding a little specificity to his vague campaign promises. Skittish business leaders will watch who he puts on his team.
Friday, November 04, 2016
Elizabeth Warren and two other senators are asking the bank about reports of retribution against would-be whistleblowers. The senators cite NPR reports about workers who were fired or pushed to quit.
Thursday, November 03, 2016
With less than a week to go to voting day for the presidential election, and the race between Donald Trump and Hillary Clinton tightening, financial markets are starting to get the jitters. With the election almost upon us, the stock market is paying close attention — and that's unusual. Markets don't usually move too much based on who wins the presidency. But this time around it's a different story, and as Donald Trump's prospects have improved, stocks have been falling.
Friday, October 21, 2016
In the ongoing scandal engulfing Wells Fargo, the bank says it fired wrongdoers. But some workers say they were trying to blow the whistle and Wells Fargo fired them.
Friday, October 14, 2016
Wells Fargo's CEO has said the banking scandal was the the fault of some bad apples at the company who have been fired. But former workers are now speaking out and telling NPR they were "good apples," and they were fired, too. Some were fired after calling the company's ethics line repeatedly to complain about the gaming and fraud and oppressive sales culture at the company. And some say being fired by Wells Fargo a few years ago has badly damaged their careers ever since.