This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S
Lending / The Ticker

Glass-Steagall becomes the ghost of Christmas Past

Why the law may never live again ...

broken pig
/ Print / Reprints /
| Share More
/ Text Size+

The push to revive the Glass-Steagall Act is gaining traction, but the plan also has many opponents. Glass-Steagall, before its repeal, kept banks from commingling their investment and commercial businesses. The Huffington Post explains why a revival of the old law is unlikely:

"There is no single magic bullet to stop 'too big to fail," Senator Elizabeth Warren, D-Mass., said. "But the central premise behind a 21st century Glass-Steagall is to say, 'If you want to get out there and take risks, go and do it. But what you can't do is you can't get access to FDIC-insured deposits when you do.'"

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus