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Tag Archives: Dodd-Frank

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.

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House Panel Pass Bills to Tweak Dodd-Frank, CFPB

The House Financial Services Committee (HFSC) approved 11 bipartisan bills today, aimed at providing community banks and credit unions some regulatory relief. According to HFSC Chairman Jeb Hensarling, since the introduction of the Dodd-Frank Act, banks have been struggling to survive due to stricter regulation.

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Sen. Elizabeth Warren Responds to Dodd-Frank Criticism

The White House joined Warren in its criticism, saying that putting the bureau under the appropriation of Congress would limit the agency. The administration also criticized the Republicans budget proposal's "creative-accounting savings" that shift funding for the agency to appropriations.

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Congressman Exploring New Strategy to Amend Dodd-Frank Act

n January, the house passed the bill by a vote of 271 to 154, with 29 Democrats voting in favor of it. However, Senate Democrats led by Senator Elizabeth Warren (D-MA) vowed to fight the bill and it failed to pass. Democrats, including Warren, have said they worry that bills that claim to be aimed at relieving regulatory burdens for small banks are being used to roll back Dodd-Frank for the benefit of the largest financial institutions.

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