The House Financial Services Committee has scheduled a series of full committee hearings starting this week to mark the fifth anniversary of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, according to an announcement from the Committee. The first hearing, titled Dodd-Frank Five Years Later: Are We More Stable? will begin Thursday, July 9, at 10 a.m. Eastern time.
The purpose of the July 9 hearing will be to "provide the Committee an opportunity to examine, through a study both of specific provisions of the law and their cumulative impact, the effect of the Dodd-Frank Act five years after its enactment on the financial services industry, consumers, American competitiveness, and financial stability." The second hearing, titled Dodd-Frank Five Years Later: Are We More Prosperous? is scheduled for July 28. The date of the third hearing in the series, titled "Dodd-Frank Five Years Later: Are We More Free? will be announced later, according to the Committee.
The Credit Union National Association has asked the Consumer Financial Protection Bureau to delay implementation of the TILA-RESPA Integrated Disclosure Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016. The association, which represents America's credit unions and their more than 100 million members, issued their request in the form of a comment submitted via email on CFPB's proposal that would delay the effective date of TRID until October 3, 2015.