DODD-FRANK/ECONOMY/TREASURY/TRUMP AS PRESIDENT: “Ten years after the financial crisis, President Donald Trump’s administration is reining in an agency that was set up to avoid a repetition of the historic crash by spotting new risks on the horizon. The Office of Financial Research, which was given the power to pull together granular data from across the […]
Category: Dodd-Frank
5/24/2018
BANKING/DODD-FRANK/TRUMP AS PRESIDENT: “U.S. President Donald Trump signed into law on Thursday [5-24-18] a bill that would ease rules on most banks for the first time since the 2007-2009 financial crisis. The legislation eases regulations on all but a handful of the nation’s largest banks, and marks a significant victory in Trump’s efforts to cut […]
5/23/2018
DODD-FRANK/TRUMP AS PRESIDENT: “Big legislation will be signed by me shortly. After many years, RIGHT TO TRY and big changes to DODD FRANK.” -Donald Trump, Twitter.com, May 23, 2018 6:58 am […]
5/22/2018
DODD-FRANK/TRUMP AS PRESIDENT: “President Donald Trump pledged on the campaign trail to ‘do a big number’ on the Dodd-Frank Act. And now a Republican bill that offers the most sweeping changes to rules crafted following the 2008 financial crisis is now headed to his desk for his signature. In a final step on Tuesday [5-22-18], […]
5/22/2018
BANKING/DODD-FRANK/GOP/HOUSE OF REPS/TRUMP AS PRESIDENT: “The U.S. House of Representatives passed on Tuesday [5-22-18] bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory. Tuesday’s vote rolls back some of the 2010 Dodd-Frank rules that restricted operations by smaller banks and […]
1/16/2018
BANKING/DEMS/DODD-FRANK/GOP/TAXES: “The most significant attempt to loosen rules imposed in the wake of the 2008 financial crisis is underway in Congress as the Senate looks to pass legislation within the next month that would roll back restrictions on swaths of the finance industry. Buoyed by their success in rewriting the tax code, the Trump administration […]
11/24/2017
DODD-FRANK/FTC: “J. Christopher Giancarlo moved to the top job at the Commodity Futures Trading Commission this year from a minority commissioner’s role, giving him a chance to push for changes on Obama-era derivatives regulations that he has criticized. But so far, Mr. Giancarlo has been content to tweak derivatives rules tied to the 2010 Dodd-Frank […]
11/17/2017
BANKING/DODD-FRANK/POLITICS: “On Halloween, Sen. Sherrod Brown of Ohio huddled with fellow Democrats in his Senate offices to make an announcement: months of talks between Mr. Brown and Senate Banking Committee Chairman Mike Crapo to roll back post-financial crisis rules had ended in failure. Unfazed, Sens. Heidi Heitkamp of North Dakota, Jon Tester of Montana and […]
11/13/2017
DODD-FRANK/POLITICS: “A group of senators have agreed to relieve regional banks from some expensive regulations put in place after the financial crisis, the most significant deal to curb the 2010 Dodd-Frank law in the Senate. The bipartisan agreement released Monday, between Republicans led by Senate Banking Committee Chairman Mike Crapo of Idaho and a group […]
11/6/2017
DODD-FRANK/TREASURY: “Economist Richard Berner plans to leave his post as the Treasury Department’s first-ever director of the Office of Financial Research at the end of the year. The office was created by the Dodd-Frank financial overhaul to analyze financial data to spot potential market risks, and its director is confirmed to a six-year term, which […]
7/20/2017
DODD-FRANK/SEC: “Several regulators have dropped pursuit of a long-running plan to restrict bonuses on Wall Street, as part of a wider effort to stop working on unfinished rules put in place after the financial crisis. Government agencies, including the Securities and Exchange Commission and several banking regulators, were directed under the 2010 Dodd-Frank law to […]
6/9/2017
DODD-FRANK/GOP: “Congratulations to Jeb Hensarling & Republicans on successful House vote to repeal major parts of the 2010 Dodd-Frank financial law. GROWTH!” -Donald Trump, Twitter.com, June 9, 2017 09:22am […]
5/4/2017
BANKING/DODD-FRANK/POLITICS: “The House Financial Services Committee voted 34-26 along party lines on Thursday [5-4-17] to approve the first comprehensive congressional plan to undo Obama-era financial regulations. The committee sent the Financial Choice Act, a bill by the panel’s chairman that unwinds significant parts of the 2010 Dodd-Frank law approved after the financial crisis, to the […]
4/21/2017
DODD-FRANK/TREASURY/TRUMP MEMORANDA: “Presidential Memorandum for the Secretary of the Treasury Orderly Liquidation Authority Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203 (the “Dodd-Frank Act”), established an Orderly Liquidation Authority (OLA). Using OLA, the Secretary of the Treasury (Secretary) may place a financial company in receivership and initiate liquidation […]
4/21/2017
CONSUMER PROTECTION/DODD-FRANK/TRUMP MEMORANDA: “Presidential Memorandum for the Secretary of the Treasury Financial Stability Oversight Council The Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203 (the “Dodd-Frank Act”), authorizes the Financial Stability Oversight Council (FSOC) to determine that a nonbank financial company’s material financial distress or the nature, scope, size, scale, concentration, interconnectedness, […]
04/11/2017
DODD-FRANK/OBAMA/POLITICS/SEC: “A key House lawmaker on Tuesday [4-11-17] unveiled changes to his proposal to roll back Obama-era financial rules, promising regulatory relief for banks if they hold enough capital and provisions aimed at spurring more companies to go public. The summary of proposed legislation from House Financial Services Committee Chairman Jeb Hensarling (R., Texas) shows […]
2/14/2017
BANKING/DODD-FRANK: “Republican promises to dismantle the 2010 Dodd-Frank financial overhaul may prove good news for many financial firms. The bad news for Wall Street: A top target is a provision big banks would rather retain. ‘Orderly liquidation authority,’ or OLA, was an answer to the 2008 bailouts of Wall Street firms during the financial crisis. […]
2/14/2017
BANKING/DODD-FRANK/TRUMP AS PRESIDENT: “President Donald Trump accelerated his ambitious bid to roll back financial regulation Tuesday, signing into law a measure killing a Securities and Exchange Commission rule aimed at weeding out corruption in the energy industry. The rule in question is a requirement of the 2010 Dodd-Frank financial overhaul, and was completed in the […]
2/5/2017
DODD-FRANK/ECONOMY/POLITICS: “Republicans in Congress are preparing to release plans to roll back the 2010 Dodd-Frank financial overhaul as early as this week, following an executive order by President Donald Trump seeking a broad review of the Obama-era law. House Financial Services Committee Chairman Jeb Hensarling (R., Texas), who has been working on a package to […]
2/5/2017
BANKING/DODD-FRANK/ECONOMY: “The six biggest U.S. banks could potentially return more than $100 billion in capital to investors over time through dividends and share buybacks if the Trump administration succeeds in a push to loosen bank regulation. President Donald Trump on Friday signed a memorandum ordering a review of the Dodd-Frank Act, the postfinancial-crisis regulatory overhaul […]