Items Tagged with 'Dodd-Frank Wall Street Reform Act'

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Trump signs memorandum on Dodd-Frank's orderly liquidation authority

Along with another executive order and memorandum
President Donald Trump signed one executive order and two presidential memoranda on Friday, affirming once again that he plans to roll back many of the regulations put in place in the aftermath of the financial crisis. Unlike a broader past executive order designed to roll back the Dodd-Frank Wall Street Reform Act, Friday’s executive memorandum focused on the orderly liquidation authority part of Dodd-Frank.
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Get ready: Congress fires up Dodd-Frank, CFPB overhaul

Committee hearing date set for Financial CHOICE Act 2.0
The Dodd-Frank doomsday clock just ticked a little closer to midnight. The Republican-crafted plan to overhaul the country’s financial regulatory system and overturn many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is now one step closer to becoming a reality, as the House of Representatives is set to consider the Financial CHOICE Act.
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Monday Morning Cup of Coffee: Industry trade groups tell Senate how to fix financial regulations

MBA, CUNA weigh in on regulatory reforms
The main front for the Republican Party’s push for regulatory reform is in the House of Representatives, where an effort is underway to replace the Dodd-Frank Wall Street Reform Act with the Financial CHOICE Act. But the House isn’t the only place where regulatory reform is on the table. Here's a look at what some of the mortgage industry's biggest trade groups want the Senate to do about regulatory reform. All that, and more, in your Monday Morning Cup of Coffee.
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Rep: Here’s why Dodd-Frank needs to be rolled back

Too-big-to-fail efforts saved Wall Street but hurt small lenders
Taking a different approach than other Republicans on why Dodd-Frank needs to be reformed, Rep. David Kustoff, R-Tenn., penned a commentary for CNBC, explaining how the act has stifled the American Dream. To him, Dodd-Frank might have saved Wall Street from collapse, but it has also handcuffed community banks, regional banks, credit unions and other lenders.
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Trump floats complete repeal of Dodd-Frank

Tells CEOs that “elimination” of landmark financial rules is a possibility
Last week, President Donald Trump told a group of CEOs that his administration is planning a “very major haircut” on the Dodd-Frank Wall Street Reform Act. But Tuesday, Trump went even further, telling another gathering of CEOs that a full repeal of Dodd-Frank may be on the table. Click through to hear for yourself.
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Trump: We're going to do a very major haircut on Dodd-Frank

Tells gathered CEOs that administration is "absolutely destroying" regulations
In the words of President Donald Trump, the era of “horrible regulations” is coming to an end. On Tuesday, during a gathering of some of the CEOs of the country’s largest companies, Trump told the crowd that his administration is working hard to “destroy” many of the regulations holding back the private sector - including Dodd-Frank - and plans to continue doing so.
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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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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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Monday Morning Cup of Coffee: An "inside" look at Gary Cohn's role in Trump administration

New York papers run competing profiles of former Goldman Sachs exec
Two of New York's biggest newspapers happened to publish competing (and somewhat similar) articles over the weekend that delve into the growing role within the Trump administration of Gary Cohn, the White House National Economic Council Director and a former top executive at Goldman Sachs. So what is Cohn's role? The Wall Street Journal and the New York Times are happy to tell you more.
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Why investors could see a $100 billion windfall from Dodd-Frank reform efforts

What happens to all that money if banks don’t need to hold excess capital?
A recent report from Kroll Bond Ratings Agency suggested that one area that the Trump administration should focus on in its regulatory reform efforts is the requirement that financial institutions hold capital to prevent the need for a bailout in a financial downturn. As a result of those requirements, the country’s six largest banks currently hold more than $100 billion in excess capital. So, what happens to all that money if the capital requirements are overhauled or eliminated?
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