Dodd-Frank

Credit unions historically have focused on laws that directly pertain to them, but in a break with that tradition, NAFCU is calling on Congress to re-introduce efforts to break up big banks.

The agencies had proposed revisions designed to make compliance less complex, but banks have expressed concern that the plan could have the opposite effect.

The North Dakota Democrat says legislation reforming Dodd-Frank needs to be bipartisan in order for banks to see real relief.

The regulation implements a recent legislative provision dealing with how banks comply with post-crisis liquidity requirements.

The mortgage giants Fannie Mae and Freddie Mac would have to draw as much as $78 billion in the event of a serious economic crisis, according to stress test results released Tuesday by the housing regulator.