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.
Read More »EXCLUSIVE: Barney Frank Dismisses Trump Executive Order
Barney Frank, one of the co-authors of the Dodd-Frank Act, told MReport he doesn't expect President Donald Trump's executive order to lead to the end of the signature financial reform law.
Read More »The CHOICE Act: The Solution or the Problem?
With so much talk lately around the possibly of the soon-to-be-installed Trump Administration rolling back regulations for the financial industry, the House Financial Services Committee Chairman is making his case for the Republicans’ Dodd-Frank alternative, the Financial CHOICE Act.
Read More »Will the Financial CHOICE Act Make it to the House Floor?
The parties in the House Financial Services Committee have been fiercely debating the merits of the GOP's alternative to Dodd-Frank since it was introduced three months ago.
Read More »GOP Unveils Dodd-Frank Overhaul
Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, on Tuesday morning announced the GOP’s much-anticipated and much-talked about proposed alternative to Dodd-Frank, entitled the Financial CHOICE Act.
Read More »Will Dodd-Frank be Out of the Picture Soon?
While Republicans have been trying to roll back parts of the Dodd-Frank Act since it was passed in 2010, in the next couple of weeks they have promised that some massive reform proposals are coming.
Read More »The CFPB’s Tough Month of April
Between attempts made by lawmakers to reform the Bureau to the PHH trial, the CFPB is probably glad to see April in the rear view mirror.
Read More »GOP Just Keeps Pushing Financial Reform
Republicans have been trying to chip away at Dodd-Frank almost since the law was enacted nearly six years ago. But lately they have made a more intense push, and they won a victory in the House of Representatives recently.
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 »Lawmakers at Odds Over Dodd-Frank Act
Republicans have always been critical of the controversial Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, but lately they have turned up the heat with their criticism as the Obama Administration winds down.
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