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Win McNamee/Getty Images Congress just rolled back key provisions of the Dodd-Frank Act, the major piece of legislation that aims to prevent another financial crisis. This could mean an opportunity for mergers and acquisitions within the regional banking space. Congress just rolled back parts of the Dodd-Frank Act, and that could mean much more for […]
Evan Al-Amin/Shutterstock Regional bank stocks are jumping ahead of a Senate vote on whether to roll back some important elements of the Dodd-Frank Act. The rollback would expand the number of regional banks that won’t be subject to stringent Dodd-Frank Regulation. Watch the Spider S&P Regional Banking ETF trade in real time here. Regional bank […]
AFTER 25 hearings, thousands of pages of comments and many unworkable bipartisan working groups, America’s Senate has finally produced a possible consensus bill to tweak the Dodd-Frank Act, the vast swathe of banking regulation passed soon after the 2008-09 financial crisis. On March 6th, in a technical move that counts as significant progress in Washington’s […]
In the background of the hubbub surrounding the testimony of the former FBI Director James Comey, House Republicans voted on Thursday to repeal key provisions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The Financial CHOICE Act, which represents another step toward rolling back Obama-era regulations that the Republican Party sees as […]
On Thursday, the House Financial Services Committee approved the Final Choice Act, thus helping President Donald Trump move one step closer to his long-stated goal of repealing the Dodd-Frank Act. The bill now must be passed by the full House and Senate before becoming law. The Choice Act—which stands for Creating Hope and Opportunity for […]
Getty/Andrew Burton The New York State Supreme Court on Tuesday ruled on a major lawsuit by two insurance companies against JPMorgan Chase, agreeing that the bank violated investment agreements by making reckless purchases of subprime mortgages, causing losses of more than $ 1 billion. In her ruling, judge Salliann Scarpulla said JPMorgan breached its investment […]
REUTERS/Brendan McDermid ObamaCare isn’t the only Obama-era legislation that President Trump and the GOP are eager to dramatically modify. The Dodd Frank financial reform law is also being targeted for big changes. Much of the controversy has centered on possible reforms to the Consumer Financial Protection Bureau. That is one of many aspects of the […]
