Is Dodd-Frank About to Die? Taking a More Grounded Look
Reforms of crisis-era regulations will give rise to an economy that has clear guidelines and reasonable oversight in place.
Reforms of crisis-era regulations will give rise to an economy that has clear guidelines and reasonable oversight in place.
In a sixth white paper to the Treasury Department today, ABA highlighted the important role that small-dollar credit plays in helping consumers meet their financial needs, and called on regulators to remove barriers that impede banks from making small-dollar loans.
Following this week’s introduction of the Financial Choice Act, 52 state bankers associations wrote to House Financial Services Committee Chairman Jeb Hensarling to commend him for taking the first step toward addressing the negative impacts of the Dodd-Frank Act.
Rep. Andy Barr (R-Ky.) today introduced the ABA-advocated Portfolio Lending and Mortgage Access Act (H.R. 2226). The bill would expand access to mortgage credit by treating loans originated by a bank and held in portfolio as Qualified Mortgages—a key provision in ABA’s Blueprint for Growth.
The Trump administration today released its long-awaited proposal for tax reform.
Rep. Blaine Luetkemeyer (R-Mo.) yesterday introduced the ABA-advocated CLEARR Act (H.R. 2133), which would provide relief from certain rules and regulations for community banks.
The House Financial Services Committee today held a hearing on the Financial Choice Act, Committee Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act’s extensive supervisory regime and providing regulatory relief for banks.
As representatives from the retail industry hit Capitol Hill this week to lobby members of Congress, American Bankers Association President and CEO Rob Nichols called on lawmakers to repeal the Durbin Amendment, which imposed government price controls on debit card interchange.
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, the American Bankers Association in a white paper today urged federal regulators to make changes to the current stress testing framework for large and midsize banks.
President Trump today ordered the Treasury Department to conduct reviews of the Dodd-Frank Act’s Orderly Liquidation Authority and its process for designating nonbanks as systemically important financial institutions.