Items Tagged with 'Dodd–Frank Wall Street Reform and Consumer Protection Act'

ARTICLES

  • 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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  • Federal Reserve: All banks passed stress tests again

    Largest banks in U.S. have enough capital on hand to survive “severe recession”
    On Thursday, the Federal Reserve announced the results of the annual stress testing, which showed that all 34 participating financial institutions are adequately capitalized and could withstand a "severe recession." It's the second year in a row that all of the participating banks passed the stress test.
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  • Housing industry's largest trade groups want CFPB director replaced by bipartisan commission

    MBA, NAR, ALTA, ABA, NAFCU, others ask Congress for changes to CFPB
    More than 20 of the housing industry’s largest trade groups are calling on Congress to enact legislation that would change the leadership structure of the Consumer Financial Protection Bureau from a single director to a bipartisan commission. The groups say that a bipartisan commission would help provide a "balanced" approach to financial regulation and supervision.
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  • Coalition of 20 state attorneys general urge Congress not to dismantle Dodd-Frank

    AGs of New York, California, Illinois, Massachusetts included
    While the House of Representatives is due to vote on the Financial CHOICE Act, the Republican-crafted plan to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act, at some point this week, a coalition of 20 state attorneys general is urging the House leadership to consider the implications of such a vote and its impact on the Consumer Financial Protection Bureau.
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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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  • MBA comes out in support of Financial CHOICE Act, with some conditions

    Proposes these changes for the CFPB
    The Republican-led Financial CHOICE Act, H.R. 10., is currently under review by the Financial Services Committee as it begins the process to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act. Democrat and Republican committee members are already at war over of the details of the act, and now, the Mortgage Bankers Association, the largest trade group in the mortgage finance space, is weighing in on the discussion.
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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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  • Wells Fargo clears living will hurdle; sanctions removed by Fed, FDIC

    Successfully addresses issues in 2015 plan
    It’s been a rough few months for Wells Fargo, but the megabank got a rare bit of good news on Monday when the Federal Reserve Board and the Federal Deposit Insurance Corporation announced that the bank successfully remedied the issues in its 2015 “living will,” which will remove a series of sanctions from the bank.
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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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