Dodd-Frank

Community banks are being crushed by burdensome rules and regulations. Policymakers should recognize their plight and scale back Dodd-Frank.

The number of banks has fallen just 18% nationwide in the five years since Dodd-Frank became law, far less than the 40% figure cited by Rubio in Thursday night's debate.

Sen. Marco Rubio, R-Fla., called for dismantling the Dodd-Frank Act Thursday night during the first Republican primary debate.

The costs incurred by the Consumer Financial Protection Bureau in renovating its offices were in line with similar projects taken on by other agencies and not extravagant, according to the agency's inspector general.

The Consumer Financial Protection Bureau has filed a lawsuit in federal court against a web of payday lending companies, alleging that they collected money that consumers did not owe and falsely threatened consumers with lawsuits and imprisonment.

The CFPB's long-term reputation — and perhaps Dodd-Frank's overall success — may well be judged on whether the bureau moves beyond areas where it was specifically instructed to take action and exercises broader authority granted to it by Congress.

While the Federal Deposit Insurance Corp. has not deviated from a 2013 paper outlining a method for unwinding a giant firm, the agency has appeared to fine-tune its approach in significant ways.

WASHINGTON — Republican lawmakers continued their assault Wednesday on a portion of the Dodd-Frank Act that grants the Federal Deposit Insurance Corp. the ability to seize and unwind a failing banking company, arguing that reforming the bankruptcy code is a better way to tackle "too big to fail."

Former Texas Gov. Rick Perry laid out a sweeping financial reform agenda on Wednesday, suggesting he would force the biggest banks to hold even more capital or reinstitute elements of the Glass-Steagall Act.

In a two-day marathon markup, the House Financial Services Committee passed 14 financial reform bills, including measures to broadly restructure the Federal Reserve, block some CFPB rules and limit compensation at the GSEs.

The House Financial Services Committee tackled several key bills including ones targeting Operation Choke Point, executive compensation at Fannie Mae and Freddie Mac, small banks' exam cycle, and changes or delays to several actions by the Consumer Financial Protection Bureau.

WASHINGTON — Three nonbank giants designated for tougher federal supervision received added guidance Tuesday on what regulators expect to see in the companies' mandated resolution plans.

Two years after a Texas community bank's legal challenge to the Consumer Financial Protection Bureau's constitutionality was dismissed by a federal court, the case is back from the dead.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including recommended reforms to the Consumer Financial Protection Bureau and Ripple Labs' efforts to work toward a decentralized payments protocol.

The Ohio company has been giving customers longer grace periods to address overdraft charges. While it has seen service charges decline, the company has been adding customers and checking accounts.

The debate about how big a bank needs to be before it poses a threat to the economy heated up again Thursday as lawmakers battled over the $50 billion threshold imposed by the Dodd-Frank Act.

The Senate Appropriations Committee approved a bill designed to fund certain government agencies, but which also included a bill by Sen. Richard Shelby, R-Ala, to provide regulatory relief for community banks.

Republican lawmakers continued their legislative attempts Wednesday to require more transparency from the Federal Reserve Board and force the central bank to more accountable to lawmakers.

Just a day after the Dodd-Frank Act's fifth anniversary, Senate Banking Committee Chairman Richard Shelby launched a new attempt to make significant changes to the law, attaching his regulatory relief bill to legislation that would provide funding for financial services agencies.

Despite recent changes to the Financial Stability Oversight Council's systemically risky designation process, Senate Banking Committee members feared that once a designation is made, there is no way for a company to remove that label.