Tag Archives: Dodd-Frank

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.

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.

“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.

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.

Reports suggest the two new officials will preside over a review of the Dodd-Frank Act.

President Trump’s presented to Congress his plans to revive the economy, provide better health care, curtail crime and drugs, and create a better life for everyone.

Republicans lean on Congressional Review Act to support their warnings about preventing the Federal Reserve to pass any new rulings,

New Treasury Secretary wants to propel economic growth to 3 percent or higher. Mnuchin wants to pass a new tax-code overhaul by August, which some say is unrealistic.

It's clear that President Trump's first 30 days have been impactful—see just what he has accomplished during this time in the areas of finance, housing, and mortgage.

The 30-day mark for President Trump Administration has come and gone, so DS News decided to take stock of what has been accomplished in the areas that affect our readers the most—housing and mortgage.