Links in “Dodd-Frank”
- Fed Proposes Rule for Implementing Section 622 of Dodd-Frank
The Federal Reserve Board is inviting comments on the proposed implementation of section 622 of the Dodd-Frank Act. The proposal seeks to make the implementation of section 622 more effective through measuring liabilities of financial companies not subject to consolidated risk-based capital rules, using a two-year average to calculate aggregate financial sector liabilities, and extending the "failed bank exception" to apply to the acquisition of any type of insured depository institution in default or in danger of default. [5/15]
- Distressing Stress Test Results
If the nation experienced another 2008-style economic downturn, Fannie and Freddie would likely require another $190B bailout, according to the results of the inaugural Dodd-Frank Stress Test. [5/1]
- Runaway Labor Costs at Regulatory Agencies?
The average employee of a federal bank regulatory agency makes 2.7 times the average compensation of a private banker, up from 2.3 pre-Dodd Frank. [4/23]
- “Too Small to Succeed”
The cost of complying to Dodd-Frank is driving small banks to merge with larger institutions. Fox Business video. [4/9]
- A First: A State Files Suit for UDAAP Violations Under Dodd-Frank
The Illinois Attorney General files suit against a small loan lender alleging violations of Dodd-Frank. This appears to the first lawsuit of its kind file by a state attorney general. [3/27]
- Open Source Code Available to List HUD-approved Housing Counselors
CFPB makes available open source code to allow lenders to integrate into their websites a tool that can help consumers find local HUD-approved housing counselors, a move that may help lenders comply with housing counseling requirements under Dodd-Frank while reducing the amount of paper given to mortgage applicants. [3/11]
- They’re Here: Examination Procedures Provided for the Tsumani of 2014 Regulations
New interagency consumer compliance examination procedures for the mortgage rules issued pursuant to the Dodd-Frank Act released that will guide both examiners and FIs. Critical review for all FIs. [2/26]
- OCC Testifies on Dodd Frank
OCC Comptroller Curry testifies before Banking Committee on OCC efforts to improve bank oversight and consumer protection. Emphasizes upcoming examination for proper enforcement. [2/7]
- âWall Streetâ Regs Are Devastating to Main Street Credit Unions and Community Banks
The Dodd-Frank Act was designed to address abuses in the banking industry. However, many provisions have little impact on large banks, but are incredibly onerous to credit unions and community banks. [1/20]
- Last-minute Checklist for Dodd-Frank Day (Jan. 10) Preparations
Kudos to you if you've dealt with the big things, such as ability to repay and qualified mortgage rules and the new RESPA servicing requirements. But there are a myriad of small things to deal with, too, before Jan. 10th's rules go into effect. Here's a checklist. [1/2]
