Katherine Kane

"I'm suddenly liking being a regional bank," said KeyCorp CEO Beth Mooney. Dodd-Frank "has created a different playing field," one in which she believes regionals may fare better than larger or smaller banks.

"The Securities and Exchange Commission and the Commodity Futures Trading Commission have decided not to define loan participation agreements as swaps." writes Allison Bisbey of Leveraged Finance News.

Regulators implementing Dodd-Frank met with big banks nearly 1,300 times in the past two years, but held only 242 meetings with reform-oriented organizations, according to a report from the Sunlight Foundation.

Rep. Jeb Hensarling (R-Tex.) was against Dodd-Frank when he was in the conference committee for the bill and he continues to be critical of the legislation

Richard Cordray, director of the CFPB, faced Republicans in Congress on Tuesday night as part of a House subcommittee on financial services oversight hearing.

"If I could push a button and eliminate Dodd-Frank would I do it? No, I would not," says Goldman Sach’s Lloyd Blankfein.

Last week's enforcement order against Capital One "signaled the CFPB is shooting for higher settlement amounts, is more interested in providing a detailed account of what went wrong, and wants to specify exactly what institutions should do in similar situations," writes American Banker's Kevin Wack.

We know banks large and small are concerned about the compliance costs and other implications of Dodd-Frank. How about credit unions?

Jim Purcell, chief executive officer of State National Bank of Big Spring, spoke during one of the hearings House Republicans organized to examine Dodd-Frank’s impact. But he "had a hard time answering certain questions from Democrats," writes American Banker’s Kevin Wack.

A survey commissioned by the Center for Responsible Lending, Americans for Financial Reform, the AARP and the National Council of La Raza "found that 73% of voters, including both Republicans and Democrats, favor the Dodd-Frank Act and 66% of voters favored the creation of the CFPB," writes American Banker’s Victoria Finkle

Looking for that comprehensive software package to handle Dodd-Frank compliance? Not finding it? "That stands to reason, given how few of the rules and regulations implementing the sweeping reform bill have been written," writes Bank Technology News editor Penny Crosman.

"Realizing that good information is fundamental to good supervision, the authors of [Dodd-Frank] created the Office of Financial Research," writes American Banker's editor-at-large, Barbara Rehm in her most recent column.

The Financial Stability Oversight Council voted to designate eight financial-market utilities as "systemically important." They will will be subject to heightened risk management standards under Dodd-Frank.

The supense is over: the CFPB flexed its enforcement muscle. Capital One's practices for marketing credit card add-on products was the subject of the agency's first enforcement order.

Should Davis Polk be designated at a "Sytemically Important Financial Illustrator," asks the Financial Times, in reference to a "gem" of a chart that the law firm created to track Dodd-Frank's progress at age 2.

"Democratic Sen. Jon Tester, a member of the Senate Banking Committee, is locked in a tight reelection race against Republican Rep. Denny Rehberg," writes American Banker’s Kevin Wack.

The CFPB announced that it will include credit rating agencies in the scope of its supervision. Dodd-Frank authorizes the agency to extend its oversight to non-lending institutions.

As Dodd-Frank's two year anniversary approaches "scores of rules that the law had mandated to be completed at this point are still uncompleted," writes American Banker's Donna Borak, citing analysis by the law firm Davis Polk & Wardwell.

Let's wrap up the week of Dodd-Frank negativity with something a little more upbeat: an insurance executive who'd like to point out a positive in Dodd-Frank.

"The Consumer Financial Protection Bureau has already proved to be one of the busiest regulators in Washington," writes American Banker's Rob Blackwell about the agency’s first year in operation.