Outlook darkens for Wall Street as Biden's regulators take shape

Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. Gary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB). Progressives see the agencies as critical to advancing policy priorities on climate change and social justice.

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  Biden expected to pick FTC member Chopra to head consumer financial regulator

  Reuters
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  Biden Taps Gensler as SEC Chairman, FTC’s Chopra as CFPB Chief

  Bloomberg

What will Joe Biden do to mortgage rates? See what experts say

See what the experts anticipate for home borrowers under the new administration.

A Guide to the Capital Gains Tax Rate: Short-term vs. Long-term Capital Gains Taxes

Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Learn about both types in this tax guide.