|
 |
|
Posted Date: Friday, June 10, 2016
|
Check out House Financial Services Committee Chairman Rep. Jeb Hensarling’s outlined proposal to reform the Dodd-Frank Act.
|
|
 |
|
Posted Date: Tuesday, February 24, 2015
|
Sen. Elizabeth Warren, D-Mass., and Rep. Elijah E. Cummings, D-Md., sent letters to the Bank of America, JPMorgan Chase, Citibank and Goldman Sachs that requested information on how the banks would alter their swaps trading practices in response to the passage of Section 360 of the 2015 Consolidated and Further Continuing Appropriated Act. Click the link to read the copy sent to Bank of America.
|
|
|
|
Posted Date: Monday, September 15, 2014
|
A bipartisan group of U.S. House lawmakers is backing legislation that would wipe out a debated Consumer Financial Protection Bureau (CFPB) bulletin on indirect auto lending. The bill, HR 5403, crafted by Reps. Marlin Stutzman, R-Ind. and Ed Perlmutter, D-Colo., has 50 cosponsors.
|
|
|
|
Posted Date: Tuesday, August 12, 2014
|
A U.S. Senator introduced legislation that would alter provisions of the Truth in Lending Act intended to ensure that consumers have access to balloon-payment mortgages from certain creditors operating in rural and underserved areas. The bill, introduced by Sen. Angus King, I-Maine, would set an overall originations threshold for institutions to be eligible to make balloon-payment qualified mortgages. The bill also would establish a new “rural” definition.
|
|
 |
|
Posted Date: Friday, August 1, 2014
|
Sen. Mary Landrieu, D-La., proposed a bill that would grant qualified mortgage status to loans that certain creditors make and hold in portfolio.
|
|
|
|
Posted Date: Friday, June 27, 2014
|
The Commodity Futures Trading Commission would be required to beef up its regulatory cost-benefit analysis under a measure approved by the U.S. House. The bill, which reauthorizes the CFTC, is also intended to provide relief to commercial end-users. Some Democrats said the measure would place heavy administrative burdens on the CFTC and hamper the commission’s efforts to carry out its responsibilities under the Dodd-Frank Act.
|
|
|
|
Posted Date: Tuesday, June 24, 2014
|
The Republican-controlled U.S. House Financial Services Committee advanced two Financial Stability Oversight Council-related bills, included a measure that would place a one-year moratorium on future systemic designations under the Dodd-Frank Act. Democrats opposed the bills, although some did express concern over the council’s recent activities.
|
|
|
|
Posted Date: Tuesday, June 10, 2014
|
On June 9, the U.S. House of Representatives unanimously passed HR 3211, the Mortgage Choice Act. The bill amends the qualified mortgage definition in the Dodd Frank Act and is designed to improve access to credit and qualified mortgages for low- and moderate-income borrowers while protecting consumers from bad loans.
|
|
|
|
Posted Date: Friday, June 6, 2014
|
The U.S. Senate approved a bipartisan bill to revise Dodd-Frank by clarifying that the Federal Reserve has authority to take into account distinctions between banking and insurance when setting capital standards for firms under its jurisdiction. The bill’s backers said the measure removes any doubt that the Fed need not impose a bank-centric capital regime on insurance activities.
|
|
|
|
Posted Date: Tuesday, May 20, 2014
|
Legislation recently introduced into the U.S. House would require the Consumer Financial Protection Bureau to create an opt-out list for consumers who do not want the bureau to collect their personally identifiable information. The bill, HR 4604, would also limit the length of time the CFPB can retain certain data.
|
|
|
Monthly Newsletter |
Cover Story:
|
|