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This post addresses the end of the Dodd-Frank Act moratorium on the ability of "commercial firms" to acquire FDIC-insured banks that are excluded from the definition of "bank" in the Bank Holding Company Act: industrial banks (or "ILCs," as they are commonly labeled) and credit card banks. [read post]
3 Sep 2013, 1:38 am by Kevin LaCroix
  One noteworthy case that raises these issues and involving the failed IndyMac bank is now pending in the Ninth Circuit. [read post]
30 Aug 2013, 2:27 pm by James Hamilton
For example, the European Market Infrastructure Regulation (EMIR) and the Commodity Exchange Act (CEA), as modified by the Dodd-Frank Act, contain prescriptive rules that may prevent European/US banks from participating in third-country central counterparties that are not currently recognized by the European Securities and Markets Authority (ESMA) or that are not currently registered as a derivatives clearing organization under CFTC regulations. [read post]
30 Aug 2013, 1:39 pm by Amit Shah
  Since the 2008 Wall Street crisis and the passage of the Dodd-Frank Act, regulators have become more responsive to the public outrage against large institutions. [read post]
29 Aug 2013, 12:29 pm by Stanley Mabbitt
  The proposal, which implements Section 941 of the Dodd-Frank Act, was issued jointly by the FDIC, Fed, OCC, SEC and, with respect to portions addressing residential mortgages, the FHFA and HUD (Agencies). [read post]
Section 318 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) requires that the Federal Reserve collect a total amount of assessments from the largest bank and thrift holding companies equal to the total expenses that it estimates are “necessary or appropriate” to carry out the Federal Reserve’s supervisory and regulatory responsibilities. [1] The Federal Reserve adopted a final regulation on August 15, called… [read post]
23 Aug 2013, 12:25 am by Christina Reichert
Office of the Comptroller of the Currency (OCC) issued a final rule amending lending limits to implement the Dodd Frank Act.The Board of Governors of the Federal Reserve System (Fed) issued a rule to set assessment fees for the regulation of big financial institutions.The Third Circuit Court of Appeals ruled that compliance with the Clean Air Act would not prevent a nuisance suit.The Fed, OCC, and the Federal Deposit Insurance Corporation (FDIC) proposed stronger leverage ratio standards… [read post]
22 Aug 2013, 3:59 pm by James Hamilton
Leutkemeyer, Dodd-Frank does not consider the fact that community banks, mid-size banks and large banks often have completely different business models, resulting in regulatory scrutiny of companies based on size rather than activity. [read post]
21 Aug 2013, 7:50 am by James Hamilton
The Financial Stability Board has proposed guidance outlining the key attributes for effective resolution regimes, such as those represented by Title II of the Dodd-Frank Act and the proposed E.U. [read post]
21 Aug 2013, 3:23 am by Thornhill Law Firm, A PLC
L 11-148), and the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. [read post]
16 Aug 2013, 6:44 am by Kelly Phillips Erb
When he died, he reportedly had $5 million in the bank, not counting other assets like Graceland: that works out to $20,526,889.28 in today’s dollars. [read post]
14 Aug 2013, 12:54 pm by Adam Levitin
There's a good case that Dodd-Frank should have stripped the Fed of all quotidian bank regulation responsibility and left it with monetary policy and as a lender of last resort. [read post]
14 Aug 2013, 6:06 am by Staci Zaretsky
Senator Frank Lautenberg’s seat. [read post]