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Tag Archives: Dodd-Frank Reform Act

Obama Commends Financial Regulators For Reform Efforts

President Barack Obama "commended" financial regulators for progress made since the Dodd-Frank Act became law in 2010 at a meeting on Monday between the president, top financial regulators, and top White House officials in the Roosevelt Room, the White House announced.

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OCC: Financial Industry Supervisors Need to ‘Remain Vigilant’

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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Fed Governor Proposes Higher Capital Surcharge on Big Banks

In an effort to avoid a repeat of the 2008 financial crisis, Fed Governor Daniel Tarullo announced on September 9 to the Senate Banking Committee that the Federal Reserve is planning to impose a capital surcharge on the nation's biggest banks that is higher than that of their international counterparts.

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CFPB Proposes Changes to Reporting Requirements

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

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 Release Report Assessing Dodd-Frank

Congressional Republicans, on the four-year anniversary of the Dodd-Frank Act, fired out at the controversial legislation, saying that the act’s purported purpose to end the government’s “too big to fail” policy has itself failed.

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Republicans to Release Report on the Anniversary of Dodd-Frank

Capitol Hill

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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