President Obama met with Sen. Elizabeth Warren, the primary architect of the Consumer Financial Protection Bureau and a champion of Wall Street reform, over the weekend to talk about how far the American financial system has come since the crisis.
Read More »Bill Aims to Ease Regulatory Burden on Smaller Banks
Credit unions and smaller financial institutions have been requesting exemption from Dodd-Frank oversight since it was passed six years ago. A new bill introduced in the Senate this week is trying to give it to them.
Read More »Coalition Pushes for Stricter Wall Street Regulation
A group of progressives who believe that Wall Street is not regulated enough has organized a coalition in hopes of getting stricter rules passed.
Read More »Trump Planning Dodd-Frank Overhaul
The presumptive Republican presidential nominee has some definite ideas about financial reform, and he plans to unveil those ideas in the next couple of weeks.
Read More »Regulations Tend to Rise No Matter Who is President
The perception among Republicans is that the financial industry, and the country in general, have been overregulated under President Obama. But the president's political party might not be as much of a factor as some think.
Read More »It’s Not Just the GOP Trying to Roll Back Dodd-Frank
Lawmakers’ efforts to chip away at the Dodd-Frank Wall Street Reform and Consumer Protection Act have come almost exclusively from the Republican side of the aisle—until now.
Read More »Regulators Dismiss 5 Big Banks’ Breakup Plans
The Federal Reserve and the FDIC have jointly determined that the 2015 resolution plans, or “living wills,” of five domestic systemically important financial firms are “not credible."
Read More »Sen. Warren & Rep. Cummings Urge Investigation of Dodd-Frank Repeal Risks
U.S. Sen. Elizabeth Warren (D-Massachusetts) and Rep. Elijah Cummings (D-Maryland) wrote two letters on Tuesday to government agencies based on the findings of their investigation of taxpayer and economic risk created by last year’s partial repeal of Section 716 of the Dodd-Frank Wall Street Conform and Consumer Protection Act.
Read More »Manufactured Homes Bill Stirs Strong Emotions in Washington
Tuesday’s passage of proposed amendments to the Dodd-Frank Act in the House has reheated the debate over whether the changes really serve lower-income Americans who purchase manufactured homes or opens them up to predatory lenders on a large scale.
Read More »Legislation to Make CFPB, Dodd-Frank Subject to 10 Year Review
U.S. Sen. Mike Crapo (R-Idaho) brought forth a bill that would make the CFPB eligible for review under the 10-year regulatory review. Under the current rules, both the CFPB and Dodd-Frank are exempt from review.
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