Items Tagged with 'regulatory reform'

ARTICLES

  • U.S. Treasury boasts deregulation reform accomplishments

    Says reducing unnecessary burdens will lead to economic growth
    Tuesday, the U.S. Department of the Treasury released a 21-page report entitled Regulatory Reform Accomplishments Under President Trump’s Executive Orders, which, as the title suggests, details the actions it has taken toward decreasing regulations.
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  • Treasury report calls for extensive regulatory relief to finance industry

    Focuses on non-legislative reform
    As directed by President Donald Trump, the U.S. Treasury published a report Friday that calls for sweeping financial reform, including changes that would weaken the Dodd-Frank Act. The report claims regulations enacted after the Great Recession made it more difficult for financial institutions to recover, and made for one of the weakest economic recoveries in U.S. history. Here are some of the changes it calls for.
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  • Trump talks Dodd-Frank: We’re going to cut regulations tremendously

    Trump discusses regulatory rollback in wide-ranging New York Times interview
    In an expansive, wide-ranging interview with the New York Times, President Donald Trump stated that he would not have selected Jeff Sessions to serve as attorney general if he knew that Sessions would recuse himself from the investigation into Trump's suspected ties to Russia. And while that proclamation seems to be grabbing all the headlines, Trump also discussed a number of other issues, including his administration's push to roll back Dodd-Frank and the administration's efforts to cut regulations "tremendously."
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  • McConnell throws cold water on Republican Dodd-Frank repeal efforts

    Senate Majority Leader tells Bloomberg: "I'm not optimistic"
    The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, may enjoy the support of the House Financial Services Committee, the Trump administration, and even President Donald Trump himself, but the Senate’s top Republican said this week that he believes that the bill may never make it to President Trump’s desk.
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  • Mnuchin declares support for Republican Dodd-Frank replacement

    Mnuchin: The existing regulatory system is limiting our economy
    The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, took its first official steps towards becoming law on Wednesday. And as the bill moves through the legislative process, it will do so with the support of Steven Mnuchin, the secretary of the Department of the Treasury.
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  • Ocwen accuses CFPB of playing politics with lawsuit, vows to defend itself

    Claims suit is "politically motivated attempt by the CFPB to grab headlines"
    Ocwen Financial took the gloves off in responding to the Consumer Financial Protection Bureau’s allegations that the nonbank “failed borrowers at every stage of the mortgage servicing process,” arguing that the CFPB’s lawsuit is politically motivated and vowing to defend itself against claims that are “inaccurate” and “unfounded.”
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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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  • 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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  • Dimon: FHA, servicing rules changes could add $300B in mortgages per year

    JPMorgan Chase CEO paints rosier picture of mortgage business in 2017
    Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow considerably in 2017 and beyond.
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