Tuesday marks the fifth anniversary of the passage of the Dodd-Frank law, the largest financial regulation since the Great Depression—and more than a third of Americans have never heard of it, according to a new report.
Companies will be forced to disclose how many times more their Chief Executive Officers earn relative to rank and file employees, the result of a little known regulation in Dodd-Frank to be finalized later this year.
A district court judge in Washington, D.C., threw out Thursday a challenge to the constitutionality of parts of the Dodd-Frank financial reform act. The plaintiffs have pledged to appeal the decision.
The Consumer Financial Protection Bureau, a creation of the Dodd-Frank financial reform act, was hit with another lawsuit on Monday, the Hill reported.
The Dodd-Frank financial reform act is “fundamentally unconstitutional,” said Rep. Scott Garrett (R., N.J.) at a Monday event hosted by the Cato Institute commemorating the third anniversary of the act’s signing by President Barack Obama.
Parts of the Dodd-Frank financial reform law violate the U.S. Constitution by allowing the government to take individuals’ property without going through an appropriate appeals process, experts told Congress Tuesday afternoon.
Lawyers representing the State National Bank of Big Springs, 11 states, and two advocacy organizations appeared before a D.C. District Court for the first time on Tuesday, arguing that the Dodd-Frank financial reform act unduly burdens smaller financial institutions and strips states of their legal rights.
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.