Dodd-Frank

President-elect Donald Trump on Wednesday tapped billionaire investor Carl Icahn to be a special adviser on regulatory reform.

Democrats are shuffling the deck chairs of the Senate Banking Committee and will have an additional seat on the panel when the 115th Congress convenes in January.

As the Federal Reserve raises interest rates, the central bank’s payment of interest on excess reserves is getting renewed scrutiny. Banks are worried those payments – a critical monetary policy tool -- may get hijacked in the next Congress, and want to stop it before it starts .

Republicans say they will roll back regulators' ability to oversee nonbanks once they take full control of the government in January. But what does that mean for agencies' oversight into the eight financial market utilities that operate a key part of the financial system?

Although Steven Mnuchin has close ties to Wall Street and was involved in some contentious deals, Democrats face an uphill battle making the case that those connections disqualify him to serve as Treasury secretary.

With the completion of the final total loss absorbing capacity and bank regulators' decision this week to approve the living wills of all but one of the large banks, industry representatives are claiming victory in the battle to prevent future government bailouts. But some critics aren't so certain.

The question of how and why Wells Fargo failed its living will test is an issue the bank needs to address soon as it faces another deadline to fix problems identified by regulators.

The Federal Reserve released the final version of its total loss absorbing capacity rule – one of the final elements of the post-crisis regulatory framework meant to provide a means of recapitalizing a failed megabank.

Federal Reserve Chair Janet Yellen said she is advising the incoming Trump administration not to roll back the improvements in bank safety and soundness enshrined in Dodd-Frank, but acknowledged that recent scandals “certainly suggest there is room for improvement” when it comes to bank culture.

The industry finally sees a bit of an opening in its effort to roll back the 2010 law that capped fees on debit card transactions. But opposition from the retail sector will be fierce.

After Wells Fargo became the first U.S. bank ever sanctioned over its resolution plan, observers are wondering what it means for the future of the institution and the living will process.

Of the five banks that failed their living will tests earlier this year and were forced to resubmit plans, only Wells Fargo failed again, resulting in immediate regulatory action that will restrict its growth, including its ability to expand internationally and buy nonbank subsidiaries.

Judicial review of regulators' economic analyses can help validate whether a rule will solve a real problem at a reasonable cost.

Industry observers worry that the Dodd-Frank Act's Title II — which gives the Federal Deposit Insurance Corp. authority to oversee the resolution of a complex financial institution — could be the first thing under fire when the Trump administration undertakes financial reform.

WASHINGTON – Gary Cohn, president and chief operating officer at Goldman Sachs, has been offered the job of director of the National Economic Council in the Trump administration, several news outlets reported Friday.

WASHINGTON — The Federal Reserve Board is slated to vote next week on a final rule meant to help regulators recapitalize a major U.S. bank if it should run aground, one of the last significant capital regulations that the agencies have yet to complete.

Sen. Jeff Sessions, R-Ala., President-elect Donald Trump's pick to head the Department of Justice, could play a key role in the fate of the agency.

Banking and credit union trade groups are urging Congress to consider repealing any upcoming Consumer Financial Protection Bureau rules governing arbitration, payday lending, debt collection and prepaid cards by using its authority under the Congressional Review Act.

The Dodd-Frank Act allows the Consumer Financial Protection Bureau to litigate its own cases independently of the Department of Justice — except before the Supreme Court. If the landmark PHH v. CFPB case makes it that far, how will a Trump Department of Justice respond?

And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.