Experts: Dodd-Frank compliance especially burdensome for small banks, credit unions

by Katie Peralta | Dec 3, 2013 | Business & Tech

WASHINGTON — It may be a while before the full impact of post-recession bank reform reaches small financial institutions across the country, but one thing is certain: compliance with the Dodd-Frank law demands resources — both time and money — to...

Lawmakers to investigate burdens on small banks, credit unions

by Katie Peralta | Dec 2, 2013 | Business & Tech, Politics

A House committee will hold a hearing Tuesday morning examining the impact of post-recession reforms on small banks and credit unions. “For those institutions that have survived, the regulatory burden has required staff to spend more time on compliance than on helping...

Panel: Use of technology for national security strains foreign relations

by Katie Peralta | Nov 22, 2013 | National Security

CHICAGO — Revelations of the U.S. government’s aggressive use of technology to protect national security, including phone tapping, erodes the trust of allies and puts a strain on our country’s ability to conduct economic, political and humanitarian efforts...

Chinese leaders are committed to reform, Paulson says

by Katie Peralta | Nov 21, 2013 | Business & Tech, Topics

With Xi Jinping becoming president last spring and the rollout of ambitious reforms, China is moving forward to make itself more hospitable to its own private sector and to domestic consumption of the goods it produces. The new environmental, economic, immigration and...

J.P. Morgan record fine will shift broader economy, experts say

by Katie Peralta | Nov 20, 2013 | Business & Tech

CHICAGO — The Justice Department’s $13 billion fine announced Tuesday on financial giant J.P. Morgan Chase is the kind of federal control that will continue to shape the way that the U.S. economy operates, according to a panel of top industry experts. The...