Tag Archives: Dodd-Frank

In remarks at the Chamber of Commerce 11th Annual Capital Markets Summit, CFPB Director Richard Cordray discussed the Bureau’s recent efforts—specifically those to adapt regulations to improve compliance and implementation within the industry. The CFPB actively works to provide clarity, solicit feedback, and revise according to that feedback on all rules, he said. The Bureau will soon assess its Dodd-Frank remittances rule and its mortgage rules, as mandated by Congress.

The proposed rules would seek to provide banks with forms of regulatory relief and tie up insolvency concerns for those considered too big to fail.

A recent poll of battleground states showed 51 percent don’t want to see an overhaul of the Consumer Financial Protection Bureau.

Throughout his hour-long speech, the president spoke of many changes and plans he had to “make America great again”—perhaps the most important of which to mortgage professionals were his comments regarding regulation.

NAFCU CEO says that consumers need to be protected, but that credit unions did not participate in the illegal activities that led to the 2008 financial crisis and therefore should not be regulated by the CFPB.

Republicans don’t want any new rulings coming from the Federal Reserve and may move to block any attempts from that agency.

The recently confirmed Secretary of the Treasury, Steven Mnuchin, announced his ambitious goals for a U.S. tax-code overhaul by August on Thursday and also addressed the future of Fannie Mae and Freddie Mac.

At Tuesday's meeting with the Senate Committee on Banking, Housing, and Urban Affairs, Federal Reserve Chair Janet L. Yellin discussed the current economy, increasing job growth, interest rates and the uncertain future of Dodd-Frank.

A bill proposing to amend Dodd-Frank and change the way bank holding companies are designated as systemically important passed in the House with a bipartisan vote and has now moved on to the Senate for consideration.

As the country is sharply divided on two of the most polarizing presidential candidates in history, perhaps it is not a surprise that the two major political parties are equally divided on a proposal to roll back Dodd-Frank.