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Dodd-Frank, capital rules blamed for market volatility

Some experts blame the Dodd-Frank Act and deeper capital requirements for last week’s market volatility. Curbing banks’ proprietary trading and demanding greater capital cushions are said to be drying up liquidity, which is resulting in volatility. But not everyone agrees with the theory, including former…

Fannie, Freddie, FHFA, lenders work on mortgage deal

Fannie Mae, Freddie Mac, the Federal Housing Finance Agency and lenders are working on an agreement that would expand access to mortgages. The deal “would allow credit to flow more freely to lower- and middle-income households,” said Mark Zandi, Moody’s Analytics’ chief economist. “That’s vital…

U.S. initial unemployment claims decline in surprise

First-time jobless claims in the U.S. surprised economists by decreasing 8,000 in the week that ended Sept. 27, totaling 287,000. Economists polled by Bloomberg had expected a median 297,000. Bloomberg (02 Oct.)

Obama, Yellen, others to discuss economy, Dodd-Frank

Federal Reserve Chair Janet Yellen and other key financial authorities are scheduled to meet today with President Barack Obama. The gathering is becoming an annual event, giving Obama a chance to get an update on the economy and implementation of the Dodd-Frank Act. The Wall…

Advisers less optimistic about stock market’s direction

Financial advisers’ sentiment about where the stock market is headed declined 3.5% in September, according to the WealthManagement.com Advisor Confidence Index. Many respondents say the market is ripe for correction. WealthManagement.com (U.S.) (10/2)