Links in “Dodd-Frank”

If you can call it "happy," the Dodd-Frank Wall Street Reform and Consumer Protection Act turns five years old today. And Democrats and Republicans aren't shy in showing their opinions. [7/22/15]

The Fed's powers under Dodd-Frank have grown, but transparency hasn't. "Opacity reigns supreme within its walls. It is a veritable fraternity where silence is golden, and no one, not even Congress, is allowed to ask questions." [7/15/15]

Witnesses at a House hearing on the 5th anniversary of Dodd-Frank testify on how the 400 new regulations enacted in the 2,300-page law is a threat to the country's financial viability. [7/13/15]

Dodd-Frank limited the CFPB's compliance reviews to financial institutions above the $10 billion asset threshold. However, under some circumstances, the CFPB can turn its sites on smaller institutions. The Office of Inspector General has found that the CFPB's process for coordinating its reviews of smaller financial institutions with their primary regulator is lacking. [7/7/15]

It’s been five years since the Dodd-Frank Act was adopted and it still remains a lightning rod for debate between those who see the legislation as a landmark law that has stopped abuses and risky behavior on the part of big banks and those who see it as an overly-broad and hugely burdensome regulation that is crippling small financial institutions. It will likely remain in the spotlight as the Act has still not been fully implemented. [7/2/15]

Dodd-Frank Section 1071 amends ECOA to require HMDA-like data collection for small businesses. The CFPB indicated in 2011 it would not enforce that section until it issued implementing regulations. To date, nothing has happened on that front, which has caused three community groups to call on President Obama to publicly denounce CFPB Director Cordray. [7/2/15]

At age 5, Dodd-Frank is a piece of legislation with its fans and detractors, and the divide between the two is getting only deeper. Here's why. [7/2/15]

The recently released diversity standards of Dodd-Frank are drawing sharp criticism from members of Congress and civil rights advocates. Maxine Waters (D-CA) calls the new standards little more than "lip service" to diversity issues. [6/25/15]

The CFPB's Semiannual Regulatory Agenda was released in the Federal Register. The five-page document discusses efforts with Dodd-Frank, including integration of mortgage regulations, HMDA reporting expansion, "Know Before You Owe" initiative, prepaid card efforts, and payday loan issues. [6/19/15]

Six federal regulators, including the NCUA, have issued a final interagency statement establishing standards for financial institutions to follow in creating diversity policies and practices—all of which will by voluntary. The statement is meant to comply with Dodd-Frank, and will impact all financial institutions with more than 100 employees. [6/10/15]