Home >> Daily Dose >> The Week Ahead: Discussing Regulatory Changes
Print This Post Print This Post

The Week Ahead: Discussing Regulatory Changes

The Senate Committee on Banking, Housing, and Urban Affairs will discuss the various aspects of implementing the Economic, Growth, Regulatory Relief, and Consumer Protection Act (also known as the Dodd-Frank Roll Back Bill) during a hearing on Thursday, September 13, 2018, at 10 a.m. ET.

Joseph M. Otting, Comptroller, Office of the Comptroller of the Currency, Randal K. Quarles, Vice Chairman for Supervision, Board of Governors of the Federal Reserve System, Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation, and J. Mark McWatters, Chairman, National Credit Union Administration will testify during this hearing.

The Senate passed this bill in late May 2018 and it contains several amendments to the Dodd-Frank Act to make it easier for banks to lend to creditworthy customers as well as right-sizing financial regulations and offering relief for smaller financial institutions.  One of the primary changes is increasing the threshold for enhanced regulatory standards from $50 billion to $250 billion, a change designed to exempt some smaller and mid-sized banks from regulations that would still apply to the larger banking entities. The affected regulations pertain to capital and liquidity rules, risk management standards, and stress testing requirements, among other things.

Here's what else is happening in The Week Ahead:

  • Consumer Credit Survey Monday, 3 p.m. ET
  • MBA Mortgage Apps, Wednesday, 7 a.m. ET
  • Fed Beige Book, Wednesday, 2 p.m. ET
  • Freddie Mac Primary Mortgage Market Survey, Thursday, 10 a.m. ET
  • Treasury Budget, Thursday, 2 p.m. ET

Read more about the Dodd-Frank Roll Back:

President Trump: “This is an Important Piece of Legislation”

Dodd-Frank Modification Bill to Benefit Small Lenders

Crapo: “An Important Moment for Small Financial Institutions”

 

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

MCS Adds New Executives

Mortgage Contracting Service have announced the addition of three new executives to the management team. Ashley Taylor and Bethany Ockerman have been promoted to AVP positions and Len Suazo joins MCS as Corporate Controller.

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.