Home \ Blog


On Monday, September 25, 2107, outgoing CFTC Commissioner Sharon Bowen delivered a farewell address at the Institute of International Economic Law.  During her three-year tenure at the CFTC, Commissioner Bowen was an... Read More
One would have thought that between Wells Fargo trying to force customers who had bogus accounts opened in their name into arbitration and Equifax doing the same to consumers who just want to see if their private, personal... Read More
When writing the laws governing our securities markets, Congress determined that the commission of certain illegal, fraudulent, or criminal acts should trigger not only fines, restitution orders, and injunctions, but also... Read More
In one of the most important challenges to the Dodd Frank financial reform law ever brought before the courts, MetLife is desperately attempting to avoid rules that protect our financial system and taxpayers from the threat... Read More
Most people think of Better Markets solely as a Wall Street watchdog, but it is also a government watchdog, as illustrated in our 2012 court challenge against the Securities and Exchange Commission (SEC) and Citigroup when... Read More
Too often in Washington when the heat is on an agency for something the public is focused it creates a committee rather than doing anything real or meaningful about the problem.  The result is the appearance of action... Read More
Victory is sweet, but very irritating to the losers, especially if they are Wall Street’s lawyers, lobbyists and allies.  After losing every battle for the last couple of years, industry opponents of the... Read More
With Wall Street’s biggest firms -- and Goldman Sachs in particular -- setting the agenda, it is no surprise that the Consumer Financial Protection (CFPB) is in the cross-hairs of the Trump Administration and... Read More
As his eight year-long service to the country as a Governor on the Federal Reserve Board ends, Dan Tarullo gave a very important speech at Princeton University, offering a compelling and nuanced  defense of critically... Read More
Recent and upcoming events have once again placed the Consumer Financial Protection (CPFB) in the cross-hairs of the Trump Administration and Republicans in Congress.  Sadly, this should come as no surprise, because as... Read More
It’s rare that a question during a Congressional hearing leaves an entire panel of witnesses silent. But, that is exactly what happened when Representative Jim Himes’ (D-CT) questioned the panel of five... Read More
Senators who attended the March 28th Senate Banking Committee Hearing on Fostering Economic Growth: The Role of Financial Companies, were fortunate that Professor William Spriggs, an economist from Howard and the AFL-CIO,... Read More
The Department of Labor’s “clients’ best interest” fiduciary duty rule is on the frontlines in the battle over the Trump administration’s mindless de-regulation agenda.  While first... Read More
The assault on the Dodd-Frank Act continues today with another hearing held by the House Financial Services Subcommittee on Financial Institutions and Credit, looking at “The State of Bank Lending in America.”... Read More
With a title like “The Arbitrary and Inconsistent Non-Bank SIFI Designation Process,” one can be reasonably sure that the House Financial Services Subcommittee on Oversight and Investigation hearing today will... Read More
In December 2016, Better Markets president and CEO, Dennis Kelleher, detailed in an American Banker Op Ed “How Wells Fargo Proves It's Not a Wall Street Villain.”  We communicated these recommendations... Read More
With confirmation hearings for Senator Jeff Sessions to be Attorney General set to begin, we offer five questions to ask during the hearings to discover just how carefully Senator Sessions intends to police the Wall Street... Read More
Every day the headlines blare the latest revelations about the brazen, years long illegal conduct at Wells Fargo, including most recently the bank firing whistleblowers when they used the internal “ethics”... Read More
On August 14, 2014, the SEC published a final rule (“Rule”) adopting a collection of reforms applicable to money market funds (“MMFs”).  Although the Rule contained an incremental and incomplete... Read More
By Dennis Kelleher "Throughout the presidential campaign, Hillary Clinton has been dogged by complaints that she is too close to Wall Street, from her six-figure speaking fees from Goldman Sachs and others to, most... Read More