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Home | Tag Archives: Dodd-Frank Reform Act

Tag Archives: Dodd-Frank Reform Act

OCC: Financial Industry Supervisors Need to ‘Remain Vigilant’

wall-st-and-gov

In speaking before the U.S. Senate Committee on Banking, Housing, and Urban Affairs earlier in the week, Comptroller of the Currency Thomas J. Curry said the overall financial condition of banks has improved since the passage of the Dodd-Frank Reform Act four years ago – but he believes that supervisors need to "remain vigilant."

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CFPB Proposes Changes to Reporting Requirements

commercial-new-venture

The Consumer Financial Protection Bureau is proposing a rule designed to improve the availability of access to credit. The proposed rule would update the reporting requirements contained within the Home Mortgage Disclosure Act and simplify the reporting process for financial institutions.

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Frank Testifies Before House Financial Services Committee

BarneyFrank

Former Congressman Barney Frank testified before the House of Representatives Committee on Financial Services on Wednesday, arguing that the Dodd-Frank Wall Street Reform and Consumer Protection Act and the voluminous set of regulations that followed shortly thereafter was a positive for the economy and safeguarded the American public from ever having to face an economic down turn the likes of the great recession ever again.

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Republicans to Release Report on the Anniversary of Dodd-Frank

CapitolHill

Republicans in the House of Representatives are set to mark the four year anniversary of the controversial Dodd-Frank financial reform act with a 100 page report highlighting its perceived failures. Chief among those failures is the fact that the law did not accomplish its purported goal of ending the prospect that banks are “too big to fail.

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Fannie and Freddie Stress Test Results ‘Not Surprising’

GSE, Fannie Mae, Freddie Mac News, Mortgage Finance

Worst-case scenario: In the event of repeat of the 2008 economic downturn, the federal government’s main mortgage buyers, Fannie Mae and Freddie Mac may need another $190 billion bailout to keep them solvent. So say the results of the inaugural Dodd-Frank Act Stress Test, released by the Federal Housing Finance Agency Wednesday.

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