Tag Archives: Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

An analysis of HMDA data by the CFPB has found that closed-end originations increased in 2020 by 65.2%, with much of that spike due attributed to the refinance boom.

"Too Big to Fail” was the prime topic of discussion at an oversight hearing for the Financial Stability Oversight Council in the House Financial Services Committee on Tuesday.

Democrats have repeatedly vowed to fight any attempts by Republicans to roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Now, one of them is taking it one step further.

The second in a series of three full Committee hearings examining the impact of the Dodd-Frank Act on American prosperity, freedom, and financial stability five years after the controversial law was enacted took place in the House Financial Services Committee on Tuesday.

Various legislation has been introduced by Republicans in an attempt to reduce the power of the Consumer Financial Protection Bureau in the last year, but there has not been any law proposed to completely eliminate the Bureau – until now. U.S. Representative John Ratcliffe and U.S. Senator Ted Cruz, both Republicans from Texas, have combined to sponsor a bill that would completely abolish the CFPB, according to announcements on both lawmakers' websites.