Links in “Dodd-Frank”
- Interagency Diversity Expectations Released
Fulfilling a requirement of the Dodd-Frank Act, the FRB, CFPB, OCC, SEC, FDIC, and NCUA have created an interagency policy statement related to diversity policy and practice standards expected of regulated institutions. Also take a look at the final statement and the board voting. [6/10/15]
- The New Appraisal Rule has been Appraised
A final rule has been adopted by the OCC, Board, FDIC, NCUA, CFPB, and FHFA that sets forth minimum requirements in the Dodd-Frank Act for appraisal management companies. [6/9/15]
- The Hidden Cost of Dodd-Frank
Beyond the increased costs of compliance, Dodd-Frank rules have resulted in fewer loans, according to this survey. About 80% expect the CFPB's mortgage lending rules to result in a reduction of credit availability. [6/9/15]
- Not a Coincidence that 1,500 Small Banks Have Disappeared Since Dodd-Frank
"Regulation is killing small banks," says this former Wells Fargo CEO. [6/1/2015]
- In the Middle of the Left- and Right-Leaning Sides of Dodd-Frank
New York Times dives into the efforts not to destroy Dodd-Frank, but to use its power against itself. [5/29/15]
- Second Time’s the Charm? Senator Goes After CFPB Budget Process Again
Sen. David Perdue's bill would make the CFPB subject to the congressional appropriations process, rather than automatic funding courtesy of Dodd-Frank. An earlier attempt to revise the funding process failed. Better luck this time? [5/22/15]
- Senate Committee Draft of Banking Improvements for 2015 Released
Eight titles with over 50 Sections are presented in the Financial Regulatory Improvement Act of 2015. Key compliance areas include proposed efforts on revising Dodd-Frank's "Qualified Mortgage" safe harbor, expanded exceptions on privacy notices, expansion of 18-month examination cycle for smaller insured depository institutions, review of outdated regulations, new FFIEC Ombudsman to investigate examination complaints, and removal of right of rescission waiting period for reduction in mortgage rates. Chairman Shelby described the effort as a âworking document intended to initiate a conversation with all members of the Committee who are interested in reaching a bipartisan agreement to improve access to credit and to reduce the level of risk in [the] financial system.â [5/15/15]
- Reg. Relief Bill: Too Much for Bipartisan Support?
Coming in at more than 200 pages and consisting of eight titles, a regulatory relief bill was unveiled yesterday. But a top Democrat called it "a sprawling wish list of Dodd-Frank rollbacks." [5/13/15]
- Dodd-Frank’s Drag on the Economy? Perhaps a $895 Billion Drag…
Supporters of Dodd-Frank cite studies that show the last economic crisis cost $14 trillion. Detractors point to a study that Dodd-Frank could reduce economic output by $895 billion over the next decade. [5/8/15]
- Has the Dodd-Frank Pendulum Swung Too Far?
The House Financial Services Subcommittee intends to find out whether Dodd-Frank has resulted in regulatory overreach in a hearing next week. [5/8/15]
