U.S. President Barack Obama (L) points to Senate Banking Committee Chairman Christopher Dodd (D-CT) (C) and House Financial Services Committee Chairman Barney Frank (D-MA) after signing the the financial reform bill into law during a ceremony at the Ronald Reagan Building and International Trade Center July 21, 2010 in Washington, DC. A sweeping expansion of federal financial regulation in the wake of the worst recession since the Great Depression, the bill will create a consumer protection agency, lay out a blueprint for disassembling financial entities considered "too big to fail," as well as many other reforms. (Photo by Chip Somodevilla/Getty Images)

The Daily Dig for Saturday, July 26

Microfinance banking offers economic hope to impoverished Pakistanis 

Microfinance banking offers people the ability to transfer funds, receive loans and to accept paychecks.  It could be a key tool in lowering high unemployment in Pakistan and neighboring countries says this article in NNI.

Critics finding flaws in Dodd-Frank as act turns 4

The fourth anniversary off the Dodd-Frank Act was not a cause to celebrate for some, but an occasion to rip it for all sorts of real and imagined effects, writes Stephen Gandel.

Big bank financial penalties not so big

If you are keeping score, you can see the billions in dollars in penalties assessed to the big banks are starting to add up.  Note that portions are tax deductible and that after one recent settlement, the offending bank’s stock went up because shareholders expected a harder slap.  Frank Islam and Ed Crego explain why the penalties may not be all that.

Realty Mogul sells out shares in first crowdfunded hotel

After selling a more than $1.5 million stake to 85 investors Realty Mogul announced the first successful crowdfunding of an operating hotel in the United States.  Read the release here.

Brazil’s central bank easing reserve requirements in hopes of stimulating economy

By freeing up $13 billion in reserve requirements for its banks, Brazil is hoping to spark an economy that could use the.  I guess Sepp Blatter was of no assistance.  Big News Network has more.

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