Gavel to Gavel: Bank rules can confound


There is no doubt that banks are subject to more regulation almost every day. For example, take the Dodd-Frank Wall Street Reform and Consumer Protection Act. Signed into law in July 2010, it requires that agencies complete almost 400 new rule-makings. As of this writing only a little more than half of those have been finalized. So, while there have been at least 200 new sets of regulations since July 2010, banks can expect almost 200 more in the future, just arising from Dodd-Frank.

Bank regulations serve many purposes, including ensuring the safety and soundness of banks and the financial system itself. Among other things, those regulations require banks to maintain certain capital levels, monitor the quality of their loans and avoid certain investments. Also, there are regulations addressing bank branch activity, additional lines of business such as securities or insurance and financial reporting.

Originally Published in The Journal Record, May 2014.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© GableGotwals | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.