Dodd-Frank

A bipartisan group of senators are urging Treasury Secretary Jack Lew not to rely on a recent Office of Financial Research study as basis for labeling asset management firms as systemically risky.

More than five years after the financial crisis, President Obama could once again turn some attention to the Dodd-Frank Act and the housing market during his State of the Union address next week.

A new Consumer Financial Protection Bureau proposal would put large nonbank money transmitters on more equal footing with banks and credit unions required to follow federal remittance rules.

Mary Miller, Under Secretary for Domestic Finance, said regulators must standardize how institutions report the data meant to help officials gauge systemic risks.

WASHINGTON -- Rep. Scott Garrett, R-N.J., a senior member of the House Financial Services Committee, is preparing to unveil legislation designed to increase public awareness of the Federal Reserve Board's rule-writing process.

Several more banks have disclosed financial hits because they hold securities that regulators declined to exempt from the Volcker Rule. Many of the bankers are upset because they are taking impairment charges on performing securities.

Judges for an appeals court appeared sympathetic Friday to the Federal Reserve Board's defense of its rule capping interchange fees on debit cards, fueling hopes by bankers that the agency will beat back a legal challenge.

Regulators' attempt to carve out an exemption for small banks from a key part of the Volcker Rule satisfied most institutions that feared getting swallowed up in the Dodd-Frank Act provision, but left others still vulnerable to the regulation and facing significant losses.

House Republicans were sharply critical Wednesday of regulators' final Volcker Rule, warning that it adds an unnecessary and costly layer of regulation.

The American Bankers Association announced Wednesday that it will drop its request for emergency relief in pending litigation over the Volcker Rule, but declined to stop the suit entirely.

Under an interim rule released late Tuesday, most small banks -- and some large ones -- would not have to take writedowns on consolidated debt obligations backed by trust-preferred securities.

Just a few days after it took effect, House lawmakers began a renewed push for amendments to the "qualified mortgage" rule, arguing it will unintentionally squeeze out key borrowers.

Senate Democrats' decision to invoke the "nuclear option" has shifted the composition of a powerful federal appeals court, a move that could bolster the banking agencies against future industry challenges to the Dodd-Frank Act.

Sens. Joe Manchin, D-W.Va., and Roger Wicker, R-Miss., introduced legislation Monday to address concerns about how collateralized debt obligations backed by trust-preferred securities are treated under the Volcker Rule.

Regulators' reviews of big banks' internal resolution plans will become more rigorous in 2014 as a debate grows over what parts of the plans can be seen by the public.

Members of the Senate Banking Committee and others are raising concerns about the credibility of a pending watchdog report analyzing whether some banks are still "too big to fail," suggesting some experts it relies on may be too closely tied to Wall Street.

The authors of banking law have shown a strong and recurring interest in name-identification with their work. Eponyms can provoke emotional reactions and facilitate the merger of persona and policy.

Chamber of Commerce CEO Thomas Donohue, addressing reporters following the group's annual "State of American Business" address, said the potential reach of the Volcker Rule into smaller, midsized banks was not the intended effect.

A group of lawmakers is stepping up pressure on regulators to adopt a narrow exemption for small banks under the Volcker Rule to address concerns over the treatment of collateralized debt obligations backed by trust-preferred securities.

The Consumer Financial Protection Bureau could consider expanding exemptions for small lenders from its qualified mortgage rule after it goes into effect on Friday, according to Richard Cordray, the agency's director.