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Tag Archives: Financial CHOICE ACT

House Votes to Drastically Change CFPB

The Financial CHOICE Act, originally introduced on April 26, 2017 by Representative Jeb Hensarling (R-Texas), Chairman of the House Financial Service Committee, passed the House of Representatives on Wednesday. The CHOICE Act is the Republican response to reforms put in place after the 2008 economic collapse. The bill significantly amends the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.

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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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Debating the Merits of GOP’s Dodd-Frank Alternative

The Financial Choice Act, introduced last June by House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and passed though the Committee in September, may come to the forefront again soon now that the new administration is about to begin.

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Financial Reform and its Possible Effect on Wall Street

Several legislative proposals have been made of late in an attempt to reform Dodd-Frank, most notably the Financial CHOICE Act. Steve Williams, Principal with Cornerstone Advisors, discusses what effect the CHOICE Act might have on Wall Street if it is passed into law.

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