Dodd-Frank Archives - Compliancex

Some Banks Are Underreporting Uninsured Deposits, FDIC Says

Jack J. Kelly Bank Failure, Banks, Dodd-Frank, FDIC July 26, 2023

In the wake of this year’s banking crisis, the Federal Deposit Insurance Corporation (FDIC) is pressing banks to fix the way they report uninsured deposits, or those that exceed the agency’s $250,000 insurance limit. In a statement, the FDIC said that certain banks “are not reporting ...Read More

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The Truth About Banking Regulation? There’s Far Too Little of It

Jack J. Kelly Bank Failure, Dodd-Frank, FDIC, Federal Reserve, GAO, Regulation May 1, 2023

After Silicon Valley Bank and Signature Bank went bust in March, liberals and conservatives argued over the cause. Liberals blamed a 2018 law that weakened oversight of midsize banks under the 2010 Dodd-Frank financial reform law, and also an ill-considered 2019 regulation by the Federal Reserve Board that weakened oversight still ...Read More

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A Big Question for the Fed: What Went Wrong With Bank Oversight?

Jack J. Kelly Banks, Dodd-Frank, Federal Reserve, Investors, Risk Management March 22, 2023

Jerome H. Powell is likely to face more than the typical questions about the Federal Reserve’s latest interest rate decision on Wednesday. The central bank chair will almost certainly be grilled about how and why his institution failed to stop problems at Silicon Valley ...Read More

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The Regulatory Breakdown Behind the Collapse of Silicon Valley Bank

admin Banks, Congress, Dodd-Frank, Federal Reserve, Regulators, Risk Management March 20, 2023

In the wake of Silicon Valley Bank’s collapse, which set off panic in the financial sector and concern across the global economy, a crucial question has been whether regulators could have intervened sooner. Recent reporting has indicated that, more than a year ago, the San Francisco ...Read More

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Congress Was Told Deregulating Banks Increased Crisis Risks. They Did It Anyway.

Jack J. Kelly Bailout, Bank Failure, Banks, Congress, Dodd-Frank, Regulation, Regulators, Risk Management March 14, 2023

In 2018, Congress passed bipartisan legislation signed into law by President Donald Trump weakening regulations on mid-sized financial institutions like Silicon Valley Bank, whose collapse last week set off fears of another 2008-like financial crisis. The measure was supported by 33 House Democrats and 17 Democratic ...Read More

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Supreme Court will hear case challenging Consumer Financial Protection Bureau funding

Jack J. Kelly CFPB, Consumer Financial Protection Bureau, Dodd-Frank, Supreme Court February 27, 2023

The Supreme Court on Monday agreed to hear arguments in a case challenging the constitutionality of funding for the Consumer Financial Protection Bureau. The order taking the case came four months after a federal appeals court panel unanimously ruled that the CFPB’s funding mechanism was unconstitutional. That ruling, which tossed out a CFPB regulation targeting payday ...Read More

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