The oversight subcommittee of the House Financial Services Committee sought clarity Tuesday afternoon on how financial regulators plan to regulate so-called “too big to fail” banks under the Dodd-Frank financial reform act.
Peter Wallison on Wednesday lamented the poor understanding people have of the underlying causes of the financial crisis, arguing that a false narrative of the crisis led to the Dodd-Frank Act and continues to stymie real reform in the financial sector.
Eight more states have officially joined a lawsuit against part of the Dodd-Frank financial reform act, arguing that the act undermines their financial stability.
Committees in the House of Representatives will continue to scrutinize the Obama administration’s major legislative achievements during the upcoming Congress, committee oversight plans indicate.
A host of left-wing groups met with top regulators in the aftermath of the 2010 passage of the Dodd-Frank financial regulation legislation, raising concerns among some observers that the administration’s approach to those regulations could be colored by some of the left’s more radical elements.
Securities and Exchange Commissioner Daniel Gallagher blasted the Dodd-Frank financial reform bill in a speech to the United States Chamber of Commerce Wednesday afternoon.
President Barack Obama is running roughshod over the Constitution, legal scholars say, by disregarding it, changing laws outside the legislative process, and extending federal power in unprecedented ways.
The Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, which meets Thursday for the first time in St. Louis, contains numerous Democratic donors, including a member of the Democratic National Committee (DNC).
Three states have joined a lawsuit challenging the constitutionality of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
FACEBOOK
TWITTER