Now that his bill proposing a measure of CFPB reform has passed the House Financial Services Committee, Rep. Andy Barr (R-Kentucky) wants to take it further.
Read More »Not Worth the Risk: Regulators to Cut Incentive-Based Pay
Financial industry regulators are seeking comment on a proposed rule that would implement Section 956 of the Dodd-Frank Act and change compensation structures and align banks’ incentives. How will this affect the financial industry?
Read More »Republicans’ Assault on Dodd-Frank Continues
It has been a tough week for both the CFPB and for the Dodd-Frank Act, continuing with the passing of two bills in the House Financial Services Committee on Wednesday.
Read More »Treasury Set to Fight MetLife Over ‘Too Big to Fail’ Removal
The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.
Read More »How Did the Financial Crisis Change the Fed’s Role?
New York Fed President and CEO Bill Dudley discussed some of the regulatory responses to the crisis that changed the way the central bank supervises institutions, including changes brought on by Dodd-Frank.
Read More »Counsel’s Corner: Why Removing MetLife’s ‘SIFI’ Tag Doesn’t Make Sense
Robert C. Hockett of the Cornell Law Faculty breaks down a judge's recent decision to remove the "systemically important" designation from MetLife—and the implications for Dodd-Frank and the economy if the decision stands.
Read More »War of Words Over Dodd-Frank Heats Up
Rep. Blaine Luetkemeyer (R-Missouri), a senior member of the House Financial Services Committee, told a group of bankers they need to “find a way to neuter” Sen. Elizabeth Warren (D-Massachusetts) and called her the "Darth Vader of the financial world."
Read More »House Committee Chairman Promises ‘Bold and Better’ Alternative to Dodd-Frank
In his address, Hensarling called Dodd-Frank the “Obama Financial Control Law” and asserted that it “stands as a monument to the arrogance and hubris of man in that its answer to incomprehensible complexity and government control is yet more incomprehensible complexity and more government control.”
Read More »Obama Administration Planning Further Financial Reforms
President Obama credits Dodd-Frank and other financial reform with much of the country's economic progress since the crisis. But he says it's not enough.
Read More »Minneapolis Fed: Dodd-Frank Was Not Enough to End Too Big to Fail
In his first speech as president of the Minneapolis Fed, Neel Kashkari said that progress had been made toward ending too big to fail, but that the Dodd-Frank Act did not go far enough.
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