News Topic: Dodd-Frank

The Fed announced Vice Chairman Stanley Fischer will depart in October, giving Trump the ability to rapidly reshape the central bank and target Dodd-Frank Act rules. ... Read full article

The Federal Reserve’s plan to stop a bank bailout before it starts hasn’t been taken up more than five years since it was proposed. ... Read full article

Readers weigh in on the end of President Trump's business councils, what the Charlottesville, Va., clashes mean for banks, OSHA's mishandling of Wells Fargo whistleblower claims, community banks' embrace of blockchain, and more. ... Read full article

Prudential Financial is laying the groundwork to escape the government's label that it's too big to fail, a move that would dramatically reduce federal oversight of the largest U.S. life insurer. ... Read full article

Readers react to USAA teaming up with Amazon’s Alexa, how a new Wells Fargo’s scandal could affect arbitration rules, a digital identity startup’s ambitions, and more. ... Read full article

Efforts to repeal a Dodd-Frank mandate for lenders to report data on small-business applicants — including race and ethnicity — overlooks the benefits of the provision to both communities of color and banks. ... Read full article

Most U.S. voters, including those who identify as Republicans, support the Dodd-Frank financial reform law and the Consumer Financial Protection Bureau, according to a poll conducted in late June. ... Read full article

House lawmakers including Jeb Hensarling are preparing to move on a series of targeted regulatory relief bills in an effort to give Senate Banking Committee Chairman Mike Crapo, R-Idaho, more leeway when he tries to craft a relief measure. ... Read full article

Readers slam credit unions’ ever-inclusive membership criteria, weigh in on the OCC’s proposed fintech charter, encourage a rewrite of the CRA, and more. ... Read full article

Federal Reserve Board Chair Janet Yellen on Wednesday defended policies related to commercial banks in the face of GOP criticism while also pinpointing areas where the Fed is open to regulatory easing. ... Read full article

Though regulatory rigor has improved post-crisis, it would be hubris for the Fed to believe that it has found a magic formula that will predict with accuracy how any of the big banks will truly perform in the next downturn. ... Read full article

President Trump plans to tap nominees to head the independent financial regulators that will be more willing to listen to industry than past heads, a senior White House official said Thursday. ... Read full article

Federal regulators supported several changes the banking industry has been seeking in an appearance before the Senate Banking Committee on Thursday, acknowledging the need to limit the Volcker Rule and better define systemically important banks. ... Read full article

The Financial Choice Act contains many positive reforms for community banks, but a provision affording benefits for holding loans on balance sheet poses risk for small lenders. ... Read full article

Though James Clinger has been a top aide to House Financial Services Committee Chairman Jeb Hensarling, observers said the FDIC chair nominee's views may differ. ... Read full article

While the bill recently passing the House is right to do away with overly burdensome regulations of Dodd-Frank, it is wrong to leave government without adequate tools to protect the financial system. ... Read full article

U.S. C&I loan growth has dropped below that of the eurozone for the first time in six years; bank employee says Chase discriminates against fathers when it comes to family leave. ... Read full article

Senate Banking Committee Chairman Mike Crapo sounded optimistic Thursday about reaching a bipartisan deal for regulatory relief, but a hearing once again emphasized the gulf between what lawmakers are likely to pass and what the industry is seeking. ... Read full article