On June 30, 2010,
the House adopted the conference report on H.R. 4173, the Dodd-Frank Wall
Street Reform and Consumer Protection Act ("Dodd-Frank Bill" or
"Bill"). The Senate is expected to follow suit when it returns from
recess later in July. This alert provides a high...
In many instances, the Dodd-Frank Wall Street Reform and Consumer Protection Act
merely set a framework for financial reform and left much of the heavy lifting
to the financial regulatory agencies. The SEC published their agenda for the implementation of Dodd-Frank .
It is a long list. Compliance...
You may have seen May 2, 2011 Wall Street Journal
article entitled "Overhaul Grows and Slow" ( here ),
which described the backlog developing as regulators struggle to meet the
rule-making guidelines mandated by the Dodd-Frank Act. The article itself was
interesting enough, but if you really...
This commentary provides an overview of the status of significant rulemaking developments since the enactment of the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act. It focuses on important issues facing end-users of derivatives and notes where the proposed rules would affect the derivatives...
One of the strange splits in US financial regulation is
that many swap and derivatives are regulated by the Commodities Futures Trading
Commission instead of the Securities and Exchange Commission. I think of the
CFTC, I think of Trading
Places and with the SEC I think of Wall
Keith R. Fisher
The Federal Reserve has extended the comment period on
its Basel III regulatory capital rulemaking from its original September 7
deadline until October 22, 2012. The rulemaking, which was the subject of a previous
Ballard Spahr legal alert, actually comprises three separate rulemakings...
This morning, the three federal bank regulatory agencies
announced that their proposed new capital rules based on Basel III (and other
Basel standards) would not take effect on January 1, 2013, a date previously
proposed apparently in order to adhere to international consensus. The
The Consumer Financial
Protection Bureau will begin a notice-and-comment rulemaking to reverse a
portion of the "ability to repay" regulations under the CARD Act. The
CFPB will begin formal rulemaking to allow card issuers to consider household
income and assets of an applicant.
The Consumer Financial
Protection Bureau has begun the process of issuing new rules to govern the
booming, multi-billion dollar market in certain reloadable debit cards. On May
24, 2012, the Bureau issued an Advanced Notice of Proposed Rule-making (the
"Advanced Notice") to...