Links in “Dodd-Frank”
- CFPB’s Final Diversity Standards May Be Imminent
The six agencies under Dodd-Frank are undergoing final review of their diversity policy statement, signaling that release may be imminent. [5/6/15]
- Proposal for Regulatory Relief Takes a New Tack
Two senior FDIC officials propose a surgical response to calls for Dodd-Frank relief. The proposal consists of four criteria for an institution to qualify for regulatory relief: no trading assets or liabilities, no high-risk derivatives positions, no derivative exposures of any kind over $3 billion, and a capital level of at least 10%. [4/20/15]
- CFPB Skating on Thin Ice with its 36% Rate Trigger
Dodd-Frank explicitly denies the CFPB authority to set usury limits, but the 36% rate trigger for the CFPB's payday loan proposal does just that. [4/3/15]
- Senate Bill Would Require NCUA, CFPB to Conduct Periodic Reg Reviews
A bill introduced by Senator Mike Crapo would amend the Economic Growth and Regulatory Paperwork Reduction Act, to require all NCUA, CFPB, and Dodd-Frank rules be reviewed every 10 years, and that any determined to be unnecessary, outdated, or overly burdensome be eliminated. [3/30/15]
- CFPB Rules to Get Regulatory Review?
A new bill would subject CFPB rules as well as Dodd-Frank itself to periodic regulatory review. Currently, CFPB rules and Dodd-Frank are exempt from review. [3/30/15]
- CFPB Sets Sights on Small Business
The CFPB blogs about its rule making process associated with small businesses, small government, and organizations as mandated under Dodd-Frank. The blog notes that the rule making process will include feedback from consumers, consumer advocates, other regulators, and industry representatives. [3/27/15]
- ABA to CFPB: You’re Going Too Far on Mortgage Servicing Rules
ABA tells the CFPB its mortgage servicing rules have already gone beyond the requirements mandated by Dodd-Frank and that its current course is causing banks to recalculate the minimum number of loans they need to service in order to remain a viable business proposition. That means further consolidation in the industry, which is bad news for the very consumers the bureau is meant to protect. [3/18/15]
- What’s Right with Dodd-Frank?
Dodd-Frank has caused its fair share of headaches within the banking industry, but it has not been without its pluses. Increased cooperation between fed and state regulators is one of them. And there are others. [2/25/15]
- Swagger Gone? Dodd-Frank’s Humbling Effect on the Big Banks
Even the harshest industry critics say that banks have been forced to reconsider every business line and have had much of their confidence dashed. [2/20/15]
- Warren: Community Banks Doing Just Fine
Sen. Elizabeth Warren (D-Mass.) argues that the complaints from smaller banks about being smothered by unnecessary regulation are a ploy by large banks to make changes to Dodd-Frank. [2/13/15]
