Dodd-frank To Likely Bite The Dust - Housewire

[Mike Kennedy]

Trump to CEOs: Dodd-Frank is Target for Major Overhaul
President Trump told a gathering of CEOs at the White House April 4 that the era of "horrible regulations" is coming to an end, specifically citing the Dodd-Frank Act as a target for regulatory reform, HousingWire reported. The president said he sees Dodd-Frank as an impediment to the banking industry. > FULL STORY



House Introduces Another Alternative to Dodd-Frank, CFPB
The House Financial Services Committee on April 19 unveiled the updated version of the Financial CHOICE Act, which would replace the Dodd-Frank Act and significantly alter the Consumer Financial Protection Bureau, HousingWire reported. A hearing to discuss the Act is scheduled for this week. > FULL STORY

 

[glenn walker]

Good

 

[J Grant]

The housing market made a great recovery under DF, and fraud, bad loans, Wall Street shenanigans are way down. Other than lifting constraints on small banks ( if it does that), this seems a return to pre Dodd Frank...the abuses led to Dodd Frank, the near collapse of the financial and housing markets? Short memories. I fail to see how gutting consumer protections is "pre consumer"...

 

[Peter LeQuire]

Funny - every month I get my bank statement and I don't feel the least bit comforted.

Abuses? Fraud? We did not need DF to deal with securities fraud and appraiser fraud - had the attitude of the regulators, including the federal law enforcement agencies, vigorously prosecuted illegal behavior of appraisers, originators, securities and the rest under long-standing statutes concerning fraud (just read the warning near the signature line of the FNMA or loan application) those bad actors would have been much less likely to violate those regulations.

 

[Pittsburgh Pete]

Deck getting stacked for the banks and large companies.

 

[djd09]

Dudley - Francisco is protection for the consumers? Like when Wells started opening accounts with no consent.

How is Dodds old buddy Angelo?

 

[J Grant]

The Consumer protection agency caught the Wells Fargo problem, the Consumer protection agency is what protects the consumer and that agency is being defunded and stripped of power to protects in the proposed bill.

 

[Peter LeQuire]

The Consumer protection agency caught the Wells Fargo problem, the Consumer protection agency is what protects the consumer and that agency is being defunded and stripped of power to protects in the proposed bill.

Some protection. 2 million (2,000,000) fake accounts over at least 5 years. Way to go CFPB!!!!!!

 

[J Grant]

??So you'd rather not have it been caughty at all....okay, you got what you wanted, with no CFPB it would not have been caught.! Enjoy your new status of no protection

 

[djd09]

The CFPB has been found to be unconstitutional. But it still exists. Why?