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Tag Archives: Dodd-Frank Act

House Passes Sweeping Regulatory Legislation

On Thursday, the House of Representatives passed a landmark bill--233 to 186--that, in its current form would dramatically change the future of financial regulation. The Financial CHOICE Act, originally introduced by Representative Jeb Hensarling (R-Texas), Chairman of the House Financial Service Committee, on April 26, 2017, significantly amends the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The CHOICE Act is the Republican response to reforms put in place after the 2008 economic collapse.

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Powell: Burden on Bank Boards Likely to Be Relaxed

Bank boards might see less directives from the Federal Reserve if Jerome Powell has his way. The Federal Reserve Governor would like to allow banks’ board of directors to spend more time worrying about management and less time on day to day tasks. He also acknowledges the industry’s frustration with the lack of transparency in the CCAR, and would like to amend it to make it more efficient and effective.

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