Follow up to Dodd-Frank Wall Street Reform and Consumer Protection Act, House of Representatives, 111th Congress, 2nd Session, Dodd-Frank Wall Street Reform and Consumer Protection Act – House Report 111-517, dated June 29, 2010, ordered to be printed. Related postings on financial system Continue Reading
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CBO Cost Estimate: H.R. 4173 Dodd-Frank Wall Street Reform and Consumer Protection Act
Follow up to postings on Dodd-Frank Wall Street Reform and Consumer Protection Act, the “CBO and the Joint Committee on Taxation (JCT) estimate that enacting H.R. 4173 would increase revenues by $17.1 billion over the 2011-2015 period and by $26.9 billion over the 2011-2020 period and increase direct spending by $14.9 billion and $26.9 billion,… Continue Reading
Dodd-Frank Wall Street Reform and Consumer Protection Act
House Financial Services Committee press release: “Dodd-Frank Wall Street Reform and Consumer Protection Act – Create a Sound Economic Foundation to Grow Jobs, Protect Consumers,Rein in Wall Street, End Too Big to Fail, Prevent Another Financial Crisis: “Americans have faced the worst financial crisis since the Great Depression. Millions have lost their jobs, businesses have… Continue Reading
Biden Urges Regulators to Reverse Trump Weakening of Safeguards and Supervision for Large Regional Banks
FACT SHEET: “President Biden Urges Regulators to Reverse Trump Administration Weakening of Common-Sense Safeguards and Supervision for Large Regional Banks…As the President said when his administration announced actions to stabilize the banking system, he is committed to “continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again.”… Continue Reading
We’ve Just Lived Through a Financial Accident
Think Adviser – Mohamed El-Erian: Overly loose monetary policy led to the current financial accident, Allianz’s chief economic advisor said. He predicted that the Fed will now start to retreat from its inflation fight, which will be bad in the long term. Depositors shouldn’t worry, El-Erian noted. See also DataTrek – Silicon Valley Bank’s issues… Continue Reading
CRS – Financial Regulation: Systemic Risk
Financial Regulation: Systemic Risk, February 1, 2022: “The U.S. financial system has experienced two major episodes of financial instability in the 21stcentury (as well as a few minor incidents)—the 2007-2009 financial crisis and instability surrounding the onset of the COVID-19 pandemic in the spring of 2020. In both cases, the federal government and the Federal… Continue Reading
CRS – Banking Policy Issues in the 117th Congress
Banking Policy Issues in the 117th Congress, March 2, 2021: “Over the past 14 years, banking has experienced significant events and changes and has regularly been the subject of policymaker initiatives and debates. In response to the 2007-2009 financial crisis, Congress—primarily through the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act; P.L.… Continue Reading
Consumer Bureau to Decide Who Owns Your Financial Data
DC Report: What Should Banks, Fintechs Be Allowed to Do With All that They Know About You? – “A federal agency is gearing up to make wide-ranging policy changes on consumers’ access to their financial data. The Consumer Financial Protection Bureau (CFPB) is looking to implement the area of the 2010 Dodd-Frank Wall Street Reform… Continue Reading
The Rise of Risk Management in Financial Institutions – Diminution of Legal Function
Business Law Today – The Rise of Risk Management in Financial Institutions and a Potential Unintended Consequence – The Diminution of the Legal Function By: Thomas C. Baxter, Jr. April 2, 2019 – “After the global financial crisis, a highly respected group of financial supervisors from the industrialized world convened to consider what might have caused… Continue Reading
Opinion: America’s ability to identify financial stability risks is weakening
Medium Riki Matsumoto – “As the ten year anniversary of the infamous Lehman Weekend has come and gone, it’s important to reflect on the lessons that we learnt. Or in the tragic case of the Office of Financial Research, the independent federal agency Congress set up to identify risks to America’s financial stability; lessons that we… Continue Reading
EU At a Glance – Financial Supervision and Regulation in the US
AT A GLANCE Requested by the ECON committee Study in focus Policy Department for Economic, Scientific and Quality of Life Policies Directorate-General for Internal Policies. Author: S. HONNEFELDER, P. DELGADO CUBILLO PE 631.031 – January 2019 EN Financial Supervision and Regulation in the US – “In response to the financial crisis of 2008 and the… Continue Reading
Financial Regulation: The Economic Growth, Regulatory Relief, and Consumer Protection Act
CRS report – Financial Regulation: The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), May 14, 2018 “The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) was passed by the Senate on March 14, 2018. The bill generally aims to provide regulatory relief to banks, relax mortgage lending rules, relax capital… Continue Reading
