The Dodd-Frank Wall Street Reform and Consumer Protection Act established many new provisions to protect consumers from unfair business practices by financial institutions. As part of these protections, for the first time ever, remittances and remittance providers became subject to regulation. Full Story
The Federal Reserve Board on January 28 announced that results from the supervisory stress tests conducted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be released on Thursday, March 7, and the related results from the Comprehensive Capital Analysis and Review (CCAR) will be released on Thursday, March 14. Full Story
According to a January 23, 2013 report from the U.S. Government Accountability Office (GAO), as of December 2012 federal regulators had finalized less than half of the new rules called for by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Full Story
As part of the Dodd-Frank financial reforms, the U.S. Commodity Futures Trading Commission (“CFTC”) increased its oversight of “swaps”. Full Story
As part of the Dodd-Frank financial reforms, the U.S. Commodity Futures Trading Commission (“CFTC”) increased its oversight of “swaps”. Full Story
The Securities and Exchange Commission has extended the sunset date of Rule 206(3)-3T under the Investment Advisers Act of 1940 (the Act) from December 31, 2012, to December 31, 2014. Full Story
The CFPB has issued its second annual report to Congress on the CFPB’s workforce. Full Story
Provisions of the Securities Exchange Act of 1934 (Exchange Act) and the Commodity Exchange Act (CEA) preclude market participants from portfolio margining collateral and other property that is required by the Exchange Act and the CEA to be held in accounts for securities and commodity customers, respectively. Full Story
The Commodity Futures Trading Commission (CFTC) released a series of staff letters relating to various issues arising under rules implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, including chief compliance officer (CCO) reports, statutory disqualification prohibitions, commodity pool operator (CPO) registration, certain commodity swaps and certain requirements for non-US persons. Full Story
Yesterday I wrote about how Wall Street is starting to move away from lobbying against Dodd-Frank, to actually implementing it. Today, I find myself writing about another sign that Wall Street is losing its battle against Dodd-Frank, and this time it comes from a federal judge.
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