Tag Archives: DoddFrank

House to vote on killing Dodd-Frank today

Sen. Warren: Wall Street’s worst nightmare House lawmakers are poised to passthe “crown jewel” of the GOP-led regulatory reform effort on Thursday, effectively gutting the Dodd-Frank financial regulations that were put in place during the Obama administration. Called the Financial Choice Act, the Republican bill seeks to undo significant parts of the 2010 financial reform law. Crafted by House Financial Services Chairman Jeb Hensarling, the bill is expected to pass despite vehement objections by Democrats to preserve the sweeping law aimed at preventing another financial crisis and protecting American consumers. ...

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GOP lawmaker confident Dodd-Frank repeal bill will advance in House

Robert Rubin: Much of Dodd-Frank was ‘necessary’ A top House lawmaker said Thursday he expects to advance his bill to eliminate the 2010 Dodd-Frank financial reforms in the House, despite any legislative fights. Jeb Hensarling, the chairman of the House Financial Services Committee, told reporters Thursday there was alsobroad agreement with his counterparts in the Senate and at the White House on his bill to repeal and replace the regulatory reform laws. The chairman, however, stopped short of naming the specific policies that all three parties agreed upon. Instead, the ...

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Dodd-Frank in Trump's sights ahead of Friday Treasury meeting

Robert Rubin: Much of Dodd-Frank was ‘necessary’ President Donald Trump is planning to take the next step Friday in his steady attack over the 2010 Dodd-Frank financial reform law. The president will direct Treasury Secretary Steven Mnuchin to review regulators’ authority to unwind a bank on the brink of failure and to label nonbank firms — insurance companies, private equity firms and hedge-funds — as risky institutions, according to a preview of the president’s schedule from the White House. He will also sign an executive order at the Treasury Department ...

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