Items Tagged with 'Financial regulation'


  • CFPB details plan to reconsider and potentially eliminate existing rules

    Bureau to consider rules’ effect on small businesses
    The CFPB is already in the midst of enacting changes to some of its rules, namely the requirements for the data collection and reporting stipulated by HMDA and the bureau's enforcement practices, but those may not be the only rule changes coming from the CFPB. The bureau announced Monday that it plans to “periodically” review its regulations and may amend or even abolish existing rules.
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  • Treasury report expected to recommend stripping CFPB power, other financial reform

    Could propose non-legislative action on Dodd-Frank
    The Treasury is expected to report Monday on rolling back Dodd-Frank Act and other financial regulations. Back in February, the president issued an executive order directing the Treasury to investigate these financial regulations, and we're about to get a look at which regulations could be on the chopping block.
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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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  • KBRA: This should be the focus of Trump's regulatory reform

    End practice of holding capital as "panacea" for preventing crisis
    President Donald Trump held to another one of his campaign promises last week, when he signed an executive order that is expected to begin the process of revamping (or replacing) the Dodd-Frank Wall Street Reform Act. The specific details of the Trump administration’s plan for financial reform were not contained in the executive order, but what should the Republican-led regulatory reform efforts focus on?
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  • Mixed reactions to Trump's push for Dodd-Frank overhaul

    Unsurprisingly, of course…
    As one might expect, the reactions to President Donald Trump’s initiation of the overhaul of the Dodd-Frank Wall Street Reform Act came in fast and furious after Trump signed an executive order on Friday that calls for the Secretary of the Department of the Treasury to begin reviewing Dodd-Frank. And unsurprisingly, those reactions varied wildly.
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  • Trump signs executive order to overhaul Dodd-Frank

    Directs Treasury Secretary to review financial laws
    As expected, President Donald Trump signed an executive order on Friday that begins to roll back the Dodd-Frank Wall Street Reform Act, the landmark legislation passed in wake of the financial crisis. “We’re signing new rules for regulating the U.S. financial system. It doesn’t get much bigger than that, right?,” Trump said just before signing the executive order.
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  • Trump moving forward with Dodd-Frank rollback plans

    Expected to sign executive order today requiring review of financial laws
    President Donald Trump is expected to move forward with his plans to roll back the Dodd-Frank Wall Street Reform Act by signing an executive order requiring a review of the comprehensive set of financial laws enacted after the crisis. According to Gary Cohn, a former top exec at Goldman Sachs and the White House National Economic Council Director, the move is the first of many designed to overhaul Dodd-Frank.
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  • Federal Trade Commission chair Edith Ramirez resigns

    President-elect Trump will staff another top financial regulator
    Recently, Mary Jo White announced that she planned to step down as the chair of the SEC at the end of the Obama administration. President-elect Donald Trump selected Jay Clayton, a top Wall Street lawyer who represented Goldman Sachs, Bear Stearns, Ally Financial, Barclays Capital and others, to serve as the new chair of the SEC. Now, another one of the Obama administration’s top financial regulators announced that she plans to step down, giving Trump another opportunity to pick the new head of a financial regulator.
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  • SEC Enforcement Director Andrew Ceresney stepping down

    SEC’s top cop to leave at year-end
    Last month, Mary Jo White, the chair of the Securities and Exchange Commission, announced that she planned to step down at the end of the year, clearing the way for President-elect Donald Trump to choose new leadership for the financial regulator. Now, another of the SEC’s top positions is about to be vacant, as Andrew Ceresney, the SEC’s enforcement director, announced that he plans to step down at the end of the year as well.
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  • CFPB nearly doubled enforcement actions in 2015

    Wall Street Journal reports on growing CFPB caseload
    If you thought the Consumer Financial Protection Bureau made more headlines in 2015 than ever before, you were right. According to a report from the Wall Street Journal, the CFPB brought nearly twice as many enforcement actions during 2015 than it did in 2014.
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