A year after the enactment of Dodd-Frank, debate over the act and other post-crisis reforms is as emotional as ever. Top lawmakers, regulators, bankers and pundits clashed over Dodd-Frank's unfinished rules, unintended consequences and missed opportunities at the American Banker Regulatory Symposium on Sept. 19-20 in Washington. Policymakers pledged to balance consumer interests and economic growth, while bankers complained about capital rules and other regulations that, they said, will tie their hands.
CFPB's Date Warns of Pervasive Flaws in Servicing
Dodd-Frank failed to cure key structural shortcomings of mortgage servicing that are still harming consumers, the interim leader of the Consumer Financial Protection Bureau says.
Congress Gets Failing Grade in Bid to Stop Next Crisis: M&T CEO
The head of M&T Bank came to the nation's capital Monday with an unfavorable assessment of whether the Dodd-Frank Act will do what lawmakers intended.
GOP Faces Schism Over Fannie, Freddie, Rep. Capito Says
An ideological divide in the party has prevented a resolution to the GSE problem, the West Virginia Republican said. More help will be needed from the White House, too, she said.
Does Too Big to Fail Still Exist?
One year after Dodd-Frank was meant to put an end to that concern, the question feels more relevant than ever.
BankThink: Why Dodd-Frank Is Regulatory Overkill
Dodd-Frank will prove hugely expensive and still fail in its main mission of preventing the next financial crisis. Blame Washington and its flawed assumption that it can micro-manage the banking system.
Classification Rules Deter Lending, Zions CEO Says
Forget Dodd-Frank. Never mind unemployment. Want to jumpstart lending? Fix the system for classifying loans, Harris Simmons says.
Walsh Outlines Complaint Process for Those Stung by Foreclosure
OCC head tells American Banker regulatory symposium that banks could face restitution after complaint reviews. Gruenberg, meanwhile, announces FDIC community-bank initiatives.
Frank Toughens Criticism of Risk-Retention Opponents
The Massachusetts Democrat said housing advocates' fight against a key reform of Dodd-Frank would hurt the low-income borrowers they are trying to help.
Senate Dem Blasts GOP for Holding Up Dodd-Frank Implementation
Sen. Jack Reed, D-R.I., said Republicans were deliberately trying to prevent credible nominees from being confirmed to regulatory posts.
Bankers Warn of Fallout from Basel Capital Charges
Executives tell symposium audience that Basel committee's surcharge on systemically important firms will impede economic growth.
Supervision Has to Be More Flexible, Bankers Say
At a community banking panel at this year's American Banker Regulatory Symposium, the consensus held that regulation can't be a one-size-fits-all practice.
