Are Cordray’s political ambitions holding up reg relief bill?
Lawmakers may feel differently about some elements in a Senate regulatory relief bill depending on whether CFPB Director Cordray is remaining in office until his term expires in July.
Dodd-Frank
What happens if CFPB’s Cordray leaves early?
If CFPB Director Richard Cordray leaves ahead of his July 2018 term expiration, President Trump would be limited in who he could pick as an acting director and may face challenges in rolling back the rule banning mandatory arbitration clauses.
House lawmakers lining up ‘buffet’ of reg relief bills
House lawmakers including Jeb Hensarling are preparing to move on a series of targeted regulatory relief bills in an effort to give Senate Banking Committee Chairman Mike Crapo, R-Idaho, more leeway when he tries to craft a relief measure.
Which Treasury reg reform priorities could become real?
The Treasury plan includes a slew of items that don’t require Congress to act, and appear feasible in the short term. Here's a guide to what changes could be made.
Dodd-Frank overhaul bill advances closer to House vote
The broad bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Tex., would provide an off-ramp for banks that agree to hold a leverage ratio of at least 10% and would gut the Consumer Financial Protection Bureau, among other provisions.
There’s a Downside to Deregulation for CLOs
Much of the discussion at an industry conference in New York Wednesday was devoted to the potential complications that could result from rolling back rules enacted by the previous administration under Dodd-Frank.
CFPB Structure Is Unconstitutional, Court Rules
The single-director structure of the Consumer Financial Protection Bureau represents an unconstitutional concentration of executive power, a federal appeals court said Tuesday. But the court stopped short of disbanding the agency, instead giving the president more power to remove its leader.