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Kitces: How to Fix LTC Insurance

What was once a higher-cost, lower-probability risk is halfway to being a sure thing. That means existing policies may be a bad deal. Financial Planning (Jan 22)

S&P reportedly suspended for a year from rating some CMBS

Standard & Poor’s, in a $60 million settlement with the Securities and Exchange Commission, has agreed to a one-year ban from rating a portion of the commercial mortgage-backed securities market, a source says. Bloomberg (20 Jan.)

Obama asks Congress for fast-track power for trade deals

President Barack Obama used his State of the Union address to argue for congressional authority to fast-track trade agreements with Asia and Europe. In the Republican Party’s response, Sen. Joni Ernst of Iowa said trade is one issue upon which Obama and the GOP-controlled Congress…

Advisers, brokers expect economy to flourish in 2015

Financial advisers and brokers are overwhelmingly upbeat about what 2015 will bring the economy and their own businesses. An InvestmentNews survey found that 80% of financial professionals responding said they are optimistic about the year ahead. Investment Advisor (20 Jan.)

Obama promises veto of GOP effort to weaken Dodd-Frank

President Barack Obama used his State of the Union speech to promise a veto against Republican-backed legislation that would undo provisions of the Dodd-Frank Act. He said he will block legislation “unraveling the new rules on Wall Street.” Bloomberg (20 Jan.)