October 27, 2009 |
Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.), who is fighting for his political survival, has proposed an immediate interest rate freeze on existing balances for the estimated 700 million credit cards in circulation. The proposal is unlikely to go anywhere in the Senate, where business-minded Democrats would join Republicans in opposing the measure.
February 6, 1987
The Federal Reserve Board reaffirmed its support for limiting the time that banks can hold money after a check has been deposited in a customer's account. Wayne D. Angell, a Fed governor, told the Senate Banking Committee's subcommittee on consumer affairs that legislation introduced by Sen. Christopher J. Dodd (D-Conn.), provides the "needed authority for the Federal Reserve to improve the check system. . . . We think we can live with four business days."
March 16, 2010
Reform plan Highlights of Sen. Christopher J. Dodd's financial regulatory overhaul proposal: Creates an autonomous consumer protection bureau within the Federal Reserve Grants the government power to seize and dismantle large firms if they're near collapse Establishes a council of regulators to monitor the economy for signs of major risks Adds new regulations for hedge funds and derivatives markets ...
December 11, 2007 |
Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.) said he would introduce a plan today to overhaul mortgage-lending practices blamed for fueling record foreclosures and undermining confidence in credit markets. Dodd's measure would direct lenders to ensure that sub-prime borrowers were offered loans they could repay and weren't subject to prepayment penalties.
June 26, 1987 |
The Senate voted today to strip Romania of its coveted Most Favored Nation trading status with the United States for six months as punishment for its history of human rights abuses. Senators voted 57-36 in favor of an amendment by Sens. William L. Armstrong (R-Colo.), Christopher J. Dodd (D-Conn.) and others to deny Romania the favored trading status as the Senate began its second day of perhaps several weeks of debate on the politically charged omnibus trade bill.
January 20, 1998 |
Gary Franks, the former Republican congressman from Waterbury, Conn., who lost his seat in 1996, is attempting to stage a comeback into politics by challenging Democratic Sen. Christopher J. Dodd. But Franks, who will formally launch his bid today, faces long odds in trying to unseat the veteran Dodd.
February 3, 2009 |
Senate Banking Committee Chairman Christopher J. Dodd said he would refinance two home mortgages that were being investigated by a Senate ethics panel. Dodd, a Connecticut Democrat, said he sought no special treatment from Countrywide Financial Corp. when he refinanced his Washington and East Haddam, Conn., homes in 2003. He has acknowledged participating in a VIP program. The bank, a leading subprime lender at the center of the mortgage meltdown, was sold to Bank of America Corp.
August 12, 2009 |
Sen. Christopher J. Dodd (D-Conn.) underwent surgery for prostate cancer and was recuperating at a New York hospital. Dr. Peter Scardino of Memorial Sloan-Kettering Cancer Center said the surgery was successful and Dodd was resting comfortably. "It is anticipated that he will be able to return to full activity within a few weeks," Scardino said in a statement released by Dodd's office. Dodd, 65, is expected to remain at the hospital for a few days before returning home to Connecticut.