Wednesday, April 7, 2010 as of 11:14 AM ET
Richard Craig Shelby (born May 6, 1934) is the senior United States Senator from Alabama. First elected to the Senate in 1986, he is the ranking member of the United States Senate Committee on Banking, Housing, and Urban Affairs and was its chairman from 2003 to 2007.
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The top Republican on the Senate Banking Committee has prepared a subpoena for the chairman of the Commodity Futures Trading Commission over his regulation of MF Global, which went bankrupt last fall because of risky bets on European debt, a Senate aide said Tuesday.
CFTC Chairman Gary Gensler recused himself last year from his agency's probe into the firm because he once worked at Goldman Sachs with MF Global's former CEO, Jon Corzine. The CFTC and a bankruptcy trustee are seeking to recover a $1.6 billion shortfall in customer funds at the firm.At a committee hearing Tuesday, Gensler answered multiple questions from Sen. Richard Shelby (R-AL) about the his oversight of MF Global shortly before it failed. But a CFTC spokesman said after the hearing that Gensler had repeated his previous comments on the matter, was not aware of a subpoena prepared by Shelby and did not respond to the senator because of it."We absolutely had no idea of any subpoena," said Steve Adamske, the CFTC spokesm...
Former Oklahoma Governor Frank Keating weighs on the divide in Washington over the Consumer Financial Protection Bureau.
Sen . Richard Shelby on the new campaign to improve the structure of the Consumer Financial Protection Bureau.
The Senate is expected to vote on the White House nominee to head the Consumer Financial Protection Bureau Thursday morning, according to a spokesman for the Democra...
U.S. Republican senators skewered the top U.S. futures regulator for his ties to former MF Global chief Jon Corzine and said he was "ducking" his responsibilities by...
Senator Richard Shelby is calling on the inspector general for the nation's commodities regulator to conduct a review and write a report on the agency's oversight an...
A bill to block multi-million dollar executive pay packages at government-owned Fannie Mae and Freddie Mac moved forward on Tuesday even as their regulator defended ...
Republicans on Tuesday remained determined to block President Barack Obama's nominee to head the new Consumer Financial Protection Bureau.Republicans are demanding t...
Sen . Richard Shelby , (R-Ala.), on efforts to rein in spending and balance the government’s budget.
Sen . Richard Shelby , (R-Ala.), on efforts to reform the Dodd-Frank Act and the Consumer Bureau.
Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that overzealous cuts to government spending could derail an already fragile recovery and said a U....
WASHINGTON (Reuters) - Lenders and community bankers sounded the alarm to lawmakers on Tuesday over proposed federal rules aimed at reducing risk-taking on mortgage ...
The White House said Monday it was disappointed Nobel Prize winner Peter Diamond's nomination to be a Federal Reserve governor was thwarted by "partisan obstructioni...
Haar Capital Management President Stanley Haar on the impact of MF Global on individual investors.
Republican senators appear divided over whether to oppose a Democratic plan to attach the reauthorization of a federal agency that supports U.S. exports to a bill th...
Private investors in the U.S. mortgage-securities market would likely be hesitant to take on the loans currently handled by mortgage finance companies Fannie Mae (FN...
National fundraising committees for the Democratic and Republican parties, President Barack Obama , and other major politicians have declined to return campaign dona...
WASHINGTON -- A legal issue causing widespread angst among banks supervised by the new Consumer Financial Protection Bureau is triggering bipartisan concern on Capit...
Wayne Rogers & Co. Chairman Wayne Rogers explains why he's fired up over the problem of agency proliferation.
Federal Reserve Chairman Ben Bernanke told Senate Republicans in a closed-door meeting Wednesday that he has no plans to bail out Europe, according a report on WSJ.c...
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