Proposed Changes Subject to 60-Day Comment Period -
On May 30, the Federal Reserve Board of Governors voted unanimously in favor of a proposal to amend section 13 of the Bank Holding Company Act (Volcker Rule), which was...more
6/5/2018
/ Bank Holding Company Act ,
Covered Funds ,
Dodd-Frank ,
Federal Reserve ,
Financial Regulatory Reform ,
Hedge Funds ,
Proprietary Trading ,
Regulatory Burden ,
Regulatory Oversight ,
Regulatory Standards ,
Volcker Rule
UPDATE: This article was updated on May 24, 2018 -
On May 24, President Trump signed into law a banking deregulation bill (S.2155) that loosens rules and requirements imposed on lenders by the Dodd-Frank Act of 2010. ...more
On May 22, The House of Representatives voted 258-159 to pass a banking deregulation bill (S.2155) that loosens rules and requirements imposed on lenders by the Dodd-Frank Act of 2010. The legislation contains a number of...more
President Trump Issues Executive Order Instructing Review of Financial Regulations -
President Donald Trump on February 3rd issued an Executive Order (EO) detailing his Administration’s core principles for financial...more
3/8/2017
/ Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Dodd-Frank ,
EFTA ,
Executive Orders ,
Financial Institutions ,
Financial Regulatory Reform ,
PHH Corp. v CFPB ,
Prepaid Payment Products ,
Regulatory Oversight ,
Removal For-Cause ,
Single Director ,
Trump Administration ,
Truth in Lending Act (TILA)
A newly leaked memo from U.S. House of Representatives Financial Services Committee Chairman Jeb Hensarling (R-TX) to the Committee’s leadership team has provided stakeholders in the banking industry with a preview of major...more
2/15/2017
/ Automotive Loans ,
Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Deregulation ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Proposed Legislation ,
Regulatory Oversight ,
Student Loans
On November 15th, House Financial Services Committee Chairman Jeb Hensarling (R-TX) signaled that he is willing to consider changes to a reintroduced Financial CHOICE Act next year as a newly elected and party-unified...more
OCC Releases 2017 Bank Supervision Plan -
The OCC’s Committee on Bank Supervision (CBS) yesterday published its Fiscal Year 2017 Bank Supervision Operating Plan and announced the following five oversight objectives...more
9/16/2016
/ Banking Sector ,
Banks ,
BSA/AML ,
Business Model ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Legislative Committees ,
OCC ,
Regulatory Oversight ,
Underwriting