While August has seen little activity of note by the Consumer Financial Protection Bureau ("CFPB"), September promises to be a good month for CFPB watchers.
On Thursday, the Senate Banking Committee called all representatives of the Financial Stability Oversight Council (FSOC) to testify, ostensibly for an oversight hearing on Dodd-Frank implementation.
Today, the Senate Banking, Housing and Urban Affairs Committee held a hearing entitled "Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act," to discuss the framework for adoption of regulations under the wide-ranging Dodd-Frank Act.
In the early hours of Friday, June 25th, House and Senate conferees agreed on the language of what some are calling the most sweeping change in financial regulation since the Great Depression.
On July 15, 2010, the United States Senate passed the House-approved Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), which was signed by President Obama on July 21, 2010.
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Reform Act").
Today, following an earlier 60-38 Senate vote to invoke cloture, the Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act conference report by a vote of 60-39.
The Senate today passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act"), the comprehensive financial reform act that was passed by the House on July 1, 2010.
Yesterday, the House-Senate Conference Committee met for its third day of negotiations on the Restoring American Financial Stability Act of 2010, focusing on the following Titles of the Senate base text.
Senator Blanche Lincoln (D-NE), Chairwoman of the Senate Agriculture Committee, who advocated for a provision in the financial regulatory reform bill that would effectively force banks to spin off their derivatives trading businesses, has released a minimal term sheet modifying this provision.