Category: Cornelius Hurley

Trump administration calls for scaling back post-crisis financial regulations

Washington Post mentioning Cornelius Hurley, School of Law/ Center for Finance, Law & Policy “The Treasury Department on Monday called for scrapping or softening some of the rules for banks and other financial firms put in place after the 2008 financial crisis…” Expert mention: “Cornelius Hurley, director of the Boston University Center for Finance, Law and Policy, said there […]

Trump Eyes Breakup of Big Banks While Wooing Their Smaller Rivals

The Street Cornelius Hurley, School of Law “President Donald Trump’s latest comments on breaking up the biggest banks came as White House officials met with more than 100 community bankers, among the fiercest advocates of dismantling global financial firms with multiple business lines…” Expert quote: “If we’ve learned anything over past few months it is […]

Trump travel ban stirs faint corporate outcry beyond Silicon Valley

Reuters Cornelius Hurley, School of Law Most U.S. corporate bosses have stayed silent on President Donald Trump’s immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House… Expert quote: “Industries including banking, healthcare and auto manufacturing see themselves on the cusp of a new era of deregulation, and […]

Warren Fears Trump’s Labor Department May Neglect Wells Fargo Probe

Yahoo Finance Cornelius Hurley, School of Law Last fall, the U.S. Labor Department opened a “top to bottom” review into labor complaints against Wells Fargo , including a claim that some employees worked off the clock to meet the ambitious sales quotas at the heart of a fake-account scandal… Expert quote: “The true test will be what the new […]

Chao’s Role at Wells Fargo Questioned After Trump Nomination as Transportation Secretary

The Street Cornelius Hurley, School of Law, Center for Finance, Law & Policy To find out why President-elect Donald Trump’s nominee for Transportation Secretary, Elaine Chao, was valuable as a board member to Wells Fargo (WFC) , just take a look at the scandal-plagued lender’s most-recent annual shareholder ballot… Expert quote: “You get to be […]

Fate of ‘too big to fail’ rule and Sen Warren’s consumer watchdog riding on Senate outcome

CNBC Cornelius Hurley, School of Law/Center for Finance, Law & Policy The next Congress may be forced to revisit two key components of financial regulatory reform, making the outcome of Tuesday’s elections potentially crucial to the future of a landmark Democratic legislative victory. Expert quote: “Assuming that the rulings are upheld, that really forces the […]