Tag: doddfrank
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Congress Introduces Bill to Reinstate Dodd-Frank Reform Measures
In 2018, Congress passed a bill that rolled back reform measures under the Dodd-Frank Wall Street Reform and Consumer Protection Act that required banks and credit unions to report loan characteristics. The measures required lenders to submit reports for 25 or more mortgages and 100 or more home equity loans made per year. The bill…
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House Passes Dodd-Frank Act Deregulation Reform Bill
The Financial Services Committee announced today that the House of Representatives has passed the ‘Economic Growth Regulatory Relief and Consumer Protection Act,” by a 258-159 vote. The new bill is presented as a “pro-growth financial regulatory reform package,” which features a significant number of rollbacks of Dodd-Frank Act regulations since the financial crisis almost a…
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Senate Votes to Rollback Dodd-Frank Regulations
This Wednesday the U.S. Senate passed a bill permitting rollbacks of banking regulations put in place by the Dodd-Frank Act of 2010 following the 2008 financial crisis. The draft legislation was approved by a 67-31 vote and must now pass through the House of Representatives.