Items Tagged with 'Dodd-Frank'

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CFPB preps to review major mortgage rules

Falls under Dodd-Frank requirement
January 2018 marks five years since the Consumer Financial Protection Bureau finalized the qualified mortgage rule. The five-year anniversary means more than a landmark date of a major regulation though, as it also means the bureau is required to reassess its major mortgage rules. Will the CFPB use this process to change the mortgage market again?
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[Video] Rep. Hill: It's a good time to reassess the impact of Dodd-Frank

Echoes recent comments from Hensarling
In light of President Donald Trump’s budget proposal, House Financial Services Committee Majority Whip French Hill, R-Ark., went on record about his thoughts on the HUD budget. Included in his interview, Hill gives his thoughts on regulatory reform, echoing recent comments from the chairman of the House Financial Services Committee.
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FDIC unveils Dodd-Frank alternative for "better" bank regulation

Reducing risk to taxpayers named as one motivation
Speaking at the Institute of International Bankers Annual Washington Conference, FDIC Vice Chairman Thomas Hoenig said that while Dodd-Frank is well intended, the regulations are too burdensome for all banks, "especially smaller banks." So here's what the FDIC wants to do, instead.
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President Trump promises to lift regulations for community banks

Holds listening session with small banks across country
President Donald Trump held a listening session Thursday to hear from community banks about their struggles with regulations. He assured the bankers that a rollback in regulations is coming soon, and that community banks could soon hold a seat once again on the Federal Reserve Board.
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Trump administration reinforces Dodd-Frank reform remains priority

Press Secretary comments on reforming the 22,000 pages of regulation
President Donald Trump and Press Secretary Sean Spicer both brought up the administration’s commitment to rolling back regulation and reforming Dodd-Frank on Thursday. Spicer reinforced this message during the White House daily briefing, giving the administration's latest thoughts on reform.
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This is why loosening Dodd-Frank won't stop real estate growth

Or dent the homeownership rate
The Trump administration recently signed an executive order to scale back the massive Dodd-Frank law. Many advocates are concerned its repeal could lead to another recession. However, it's important to understand that the executive order does not repeal the act. Here's what the executive order does mean for the housing market.
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From HW Magazine

HOT or NOT: What is trending in housing right now?

Cordray, Dodd-Frank and GSE conservatorship
President Donald Trump issued an executive order to roll back the Dodd-Frank Wall Street Reform Act, but it doesn’t do much by itself. The core principles in the executive order should simply be viewed as a policy placeholder for the re-thinking of Dodd-Frank, in terms of both potential legislative and regulatory changes.
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[Watch] Hensarling: Dodd-Frank reform is a this-year priority

Congress only in the beginning stages
House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is at the forefront of reforming Dodd-Frank, spearheading one of the most prominent options to change the controversial act. His position of authority brings a lot more weight to his recent comments during a CNBC interview where he stated that dealing with Dodd-Frank is a this-year priority.
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Ted Cruz introduces bill to abolish CFPB

Texas senator partners with Rep. John Ratcliffe to reintroduce bill
While there appears to be some in the Republican Party who simply want to reform the Consumer Financial Protection Bureau, there are at least two Republicans on Capitol Hill who want to kill the agency altogether. The bills, introduced by Sen. Ted Cruz, R-Texas, and Rep. John Ratcliffe, R-Texas, would repeal Title X of the Dodd-Frank Wall Street Reform Act, which would abolish the CFPB entirely.
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