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News & Headlines

House Committee Holds Hearing on Choice Act

The House Financial Services Committee yesterday held a hearing on the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act.

Trump Orders Reviews of Dodd-Frank Liquidation Authority, SIFI Designation

President Trump on Friday ordered the Treasury Department to conduct reviews of the Dodd-Frank Act’s Orderly Liquidation Authority and its process for designating nonbanks as systemically important financial institutions.

Fed’s Powell: Some Post-Crisis Regs ‘Unnecessarily Burdensome’

Federal Reserve Governor Jerome Powell said yesterday that the collective weight of post-financial crisis rules are too complex and that some of them are burdensome and may not be needed at all.

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