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FRB Issues Proposed Rules to Repeal Regulation AA, as Required by Dodd-Frank

by Edmund D. Harllee and Alan B. Clark On Wednesday, August 27, the Board of Governors of the Federal Reserve System (the “Board”) published in the Federal Register proposed rules and a request for public comment to repeal its Regulation AA (Unfair or Deceptive Acts or Practices). The...

Dodd-Frank Hits 5th Birthday

The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed by the President on July 21, 2010. Quite a different world then. Some, like its namesakes, think it has made our banking and economic system safer and has been successfully implemented by the regulators. Others say that some...