SEC finalizes Dodd-Frank rule to address ABS conflicts of interest
The decision narrows scope of impacted transactions and participants, to the market's relief.
By
John Hintze
Dodd-Frank
Weekly Wrap: Libor transition goes on even with SOFR term rate uncertain
Deals, trends and research in structured finance and asset-backed securities for the week of March 19-25
Opinion OCC again overreaches on preemption law
Brian Brooks, the acting comptroller of the currency, used a selective (and dubious) interpretation of the Dodd-Frank Act to argue for more say on when banks can preempt state law.
Christopher Odinet
University of Iowa College of Law
CFPB sets stage for long fight on data-sharing rule
As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want data to flow more freely and those who prioritize security.
CFPB to propose rules for how companies access customer data
The agency plans to issue an advance notice of proposed rulemaking dealing with efforts by fintechs and data aggregators to leverage a consumer's bank account information.
Dodd-Frank at 10: How regulation has (and hasn’t) changed since law’s passage
Policymakers have eased some rules and the Supreme Court recently dealt a blow to the Consumer Financial Protection Bureau. But as the landmark legislation approaches its 10th anniversary, the post-crisis regulatory regime has stayed largely intact.
By
Joe Adler
Dodd-Frank has softened blow of pandemic, its authors say
Chris Dodd and Barney Frank said the legislation — nearing its 10th anniversary — put banks in position to be a stabilizing force during the coronavirus crisis.
After ruling, stage set for new battles over CFPB’s future
The Supreme Court threw out a key statutory provision concerning the agency’s leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau.
Supreme Court strikes down CFPB leadership structure
In a split 5-4 decision, the justices gave presidents new power to remove the agency's head at will. The ruling could have far-reaching implications for other regulators with single directors.
Fed sets date for release of 2020 stress tests, COVID-19 analyses
Unlike in previous years, the results from two different evaluations will be released simultaneously and will include an assessment of bank capital under coronavirus-related scenarios.
CFPB rulemaking engine churns on through coronavirus
The agency is still moving forward on key regulations dealing with payday lending and mortgage underwriting despite new demands posed by the crisis.
Does FSOC have a role to play in coronavirus response?
After budget cuts and a strategic transition, the interagency body conceived by Dodd-Frank to identify systemic threats has largely been silent as the pandemic roils the economy.
Fed moves telegraph fears of prolonged liquidity crisis
The central bank's sweeping actions suggest a cash shortage gripping sectors directly hit by the pandemic. Banks were supposed to be protected by Dodd-Frank but are still vulnerable to a funding domino effect.
Virus scare creates perfect storm for mortgage lenders
Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.
Opinion Virus is Dodd-Frank’s first real test
If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder.
Rob Blackwell
IntraFi Network
CFPB proposes legislation to pay whistleblowers who tip off agency
The agency's effort to engage with lawmakers on a whistleblower award program is one of three initiatives the bureau announced to advance its strategy of preventing consumer harm.
Supreme Court justices question wisdom of CFPB overhaul
The court’s liberal bloc and Chief Justice John Roberts, who holds a crucial swing vote, appeared reluctant to remove a contentious provision that limits a president’s ability to fire a sitting director of the bureau.
Will CFPB be reined in? Chief Justice Roberts may hold the key.
John Roberts could play a familiar role as the swing vote in determining whether the Supreme Court curbs the consumer bureau’s power.
In tell-all, ex-CFPB chief Cordray claims Trump nearly fired him
The release of Richard Cordray's retrospective of his tenure will come one day before the Supreme Court hears a pivotal case about the leadership structure of the agency.
Volcker proposal adds legal safe harbor for CLOs
A proposed change could resurrect bond buckets, but loan industry observers also point to "covered fund" changes shielding loans from a potentially disruptive court decision.
Load More
Couldn’t load more articles. Try again.