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Tag Archives: Dodd-Frank

Senate Set to Review Dodd-Frank

The bipartisan Economic Growth, Regulatory Relief, and Consumer Protection Act is now headed to the full Senate for debate, including provisions that would modify significant elements of the Dodd-Frank act.

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Risk Change Since Dodd-Frank

A recent article took a deeper look at the change in risk in trading operation since the implementation of Dodd-Frank. See how numbers compare to 2009.

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GSE Capital Put to the Test

Earlier today, the FHFA released the results of the Enterprises’ Dodd-Frank Stress Tests—as well as the total expected draw both companies will take from the Treasury. How does it all add up?

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CFPB Assesses Effectiveness of Mortgage Servicing Rule

Currently, the Bureau is seeking comment from consumers, consumer advocates, housing counselors, mortgage loan servicers, industry representatives, and the general public regarding the RESPA mortgage servicing rule, and will issue a report of their assessment by January 2019. The rule, introduced in January 2013 and which took effect in January 2014, was designed to assist consumers who were behind on mortgage payments. Among other things, the RESPA mortgage servicing rule requires servicers to follow certain procedures related to loss mitigation applications and communications with borrowers.

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CHOICE Hearing Highlights Political Divide

The House Financial Services held its second hearing on the Financial CHOICE Act today, and what resulted was a deepening of party lines. Heated arguments between representatives on both sides of the aisle took place, with one Democrat even calling the bill the "Wrong Choice Act."

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Critics Fear Crisis After Latest Exec Orders

Critics have begun to speak out after President Trump signed two executive orders calling for the review into “too big to fail” and a number of financial oversight entities. Some even fear it could signal another financial crisis is on the horizon. Trump’s orders specifically require a review of the Financial Stability Oversight Council and the Orderly Liquidation Authority.

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Greenspan: Dodd-Frank Stifling Stock Market

According to former Fed Chairman Alan Greenspan, Dodd-Frank has caused stock prices to soar and rolling it back would have a positive impact on the economy. In an interview with CNBC on Thursday, Greenspan discussed Dodd-Frank, tax cuts, and more. Dodd-Frank has been a hot-button topic since President Trump orders a review of the law back in February.

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Reforming Dodd-Frank to Unify the U.S. Economy

“For seven years now, the Dodd-Frank Act has stifled the American Dream—for half of the country,” said U.S. Representative David Kustoff (R-TN) in an opinion piece on CNBC. According to Kustoff, Dodd-Frank requires rolling back, and it has caused plenty of harm since then. Though it saved plenty of big banks during the recession, its regulation has stifled many smaller banks.

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CFPB Head Discusses Dodd-Frank

In his speech at the Chamber of Commerce 11th Annual Capital Markets Summit, CFPB Director Richard Cordray touched on Dodd-Frank, the Bureau’s role in the financial marketplace, and its efforts to improve and adapt regulations based on industry comment and need. The CFPB recognizes the burden of regulatory compliance placed on today’s financial organizations and is actively working to alleviate that weight, Cordray conveyed.

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