Dodd Frank

President Trump Signs Executive Orders Relative To Dodd-frank, Retirement Rule

... in Washington, U. S., January 27, 2017. REUTERS/Carlos Barria. Members of a ceremonial guard carry flags prior to the arrival of British Prime Theresa May at the White House in Washington, U. S., January 27, 2017. REUTERS/Carlos Barria. U. S. President Donald Trump (R) and Vice President Mike Pence return to the White House after a visit to Homeland Security headquarters in Washington, U. S., January 25, 2017. REUTERS/Jonathan Ernst. U. S. President Donald Trump holds up a signed executive order to advance construction of the Keystone XL pipeline at the White House in Washington January 24, 2017. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY. Turkey's President Recep Tayyip Erdogan (R) and British Prime Minister Theresa May arrive to speak after their meeting at the presidential complex in Ankara on January 28, 2017. ...

Senate Votes To Kill Dodd Frank Anti-corruption Rule

... and Sarah N. Lynch. WASHINGTON, Feb 3 (Reuters) - The Republican-led Congress killed a controversial U. S. securities disclosure rule early on Friday aimed at curbing corruption at big oil, gas and mining companies. In a 52 to 47 vote, the Senate approved a resolution already passed by the House of Representatives that wipes from the books a rule requiring companies such as Exxon Mobil and Chevron Corp to publicly state the taxes and other fees they pay to foreign governments. Republican President Donald Trump is expected to sign it shortly. Exxon and other major energy corporations have fought for years to prevent the rule, required by the 2010 Dodd-Frank Wall Street reform law, from seeing the light of day. After a series of legal battles, the Securities and Exchange Commission in June 2016 completed the regulation, which supporters say can help expose questionable financial ties U. S. companies may have with foreign governments. Democrats in the Senate had raised concerns during debate late on ...

Trump’s Nominee For Army Secretary Drops Out

... Center at West Point. 10:15 p.m. The White House says it intends as soon as possible to request an emergency stay of a federal judge’s order temporarily blocking President Donald Trump’s week-old immigration ban. Spokesman Sean Spicer says Trump’s order banning immigration from seven predominantly Muslim countries is intended to protect the American people, and is lawful and appropriate. U. S. District Judge James Robart in Seattle ruled against government lawyers’ claims that Washington state and Minnesota did not have standing to challenge the order. Instead, Robart said the states’ case was likely to succeed. The White House initially called the ruling “outrageous,” then removed that word in a revised statement. The states argued in a lawsuit that key sections of Trump’s order are illegal and unconstitutional. Court challenges have been filed ...

Elizabeth Warren Torches Trump's Plans To Unwind Dodd-frank, Rip Off Retirees

... were suing his company for bad investment advice. “Mr. Schneider, I just want to understand your company’s advice in these cases,” Warren began. “Do you believe that people like these firefighters from Florida who are near retirement and have secure pensions with guaranteed monthly payments should move their money into riskier assets with no guarantees, just before they retire?”. Almost no one who understands personal finance would give such advice in good faith. And Schneider never really answered the question, after being pressed by Warren three separate times. He said that regulators had signed off on the activity, that “each situation is very different,” and that it could make sense for someone on the verge of death. “I’m sorry, are you suggesting that these 238 people were weeks away from dying, and that’s why they all got this advice?” Warren asked. You can ...

Trump Raves That Rolling Back Dodd-frank Will Allow 'friends Of Mine' To Borrow Money Again

... Council, said he expects some changes will be coming despite the influence of the president's daughter and son-in-law. "I feel confident that [the administration has] an appreciation of religious freedom, and I'm pretty certain they're going to address it," Perkins said. "I'm talking to people in the Trump administration, and I know they understand the importance of this." Read the full scoop at Politico. Jeva Lange. BRENDAN SMIALOWSKI/AFP/Getty Images. Even Republicans aren't sold on President Trump's plan to fund the U. S.-Mexico border wall. CNN reported Friday that a "growing number" of congressional Republicans are leery about the wall's high cost — which could range from $12 billion to $15 billion — and Trump's proposal to have U. S. taxpayers foot the bill initially and then later be reimbursed by Mexico. Sen. Lisa Murkowski (R-Alaska), who was one of two Senate Republicans this week to announce she'd vote against the confirmation of Trump's education secretary nominee Betsy De Vos, said she would not support the border wall plan if its costs weren't offset by other spending cuts. "If you're going to spend that kind of money, ...

The Dodd-frank Act Explained

... prompted the Federal Reserve Act of 1913, which created our central bank. The Great Depression led to the Glass-Steagall Act of 1933, which established the Federal Deposit Insurance Corporation and prohibited the cohabitation of investment and commercial banks. And the litany of crises throughout the 1970 s and 1980 s convinced Congress to broadly deregulate the bank industry through a series of wide-ranging legislative acts. It's only through this lens of historical context that one can truly appreciate the Dodd-Frank Act of 2010, which came on the heels of the financial crisis that erupted two years earlier. Fighting the last war. Generals are often accused of "fighting the last war," in that they set their strategies going forward based on their most recent combat experience. This can be a mistake, of course, because times change. Strategies evolve. Adversaries adjust. Weapons systems advance. The same can be said of the intent behind the Dodd-Frank Act, which was conceived with the best of intentions. Fissures in global financial markets were first exposed in August ...

Lopach To Subject Matter, Ueland Back To Budget

... Saenz). Rep. Rob Wittman (R-Va.) is 58. Rep. Tom Graves (R-Ga.) is 47. Columbia 2 L Janet Kanzawa, a Simpson Thacher & Bartlett alum (h/t Colby Bermel). RALLY principal/office volleyball captain Latia Curry and senior account executive and Mayor Villaraigosa alum Lys Mendez (h/ts Sam Garrett-Pate). Fox News contributor and fellow country music fan Lisa Marie Boothe, also president of High Noon Strategies (h/t Kurt Bardella). Rebecca Mark, a Cathy Mc Morris-Rodgers alum who just started as head of gov’t relations for Cruise Automation … Dana Thomas, former Wa Po, Newsweek, and WSJ reporter, who recently made a state visit and was spotted at Cafe Milano (h/t Ben Chang) … Neal Carruth, GM of podcasting at NPR, is 41. Politico’s Lisa Francis (h/t Rachel Schindler). Jonathan Lachman, former associate director for national security programs at OMB and a DOD alum. CAP alum Tara Kutz, now a production coordinator at C 41 ...

Plan B For Trump’s ‘big Number’ On Dodd-frank Bypasses Democrats

... costs or increasing revenue. Debate likely would play out as lawmakers consider the 2018 budget - a discussion that’s months away. Republican leaders have already said the focus of those talks will be on revamping tax law. Adding Dodd-Frank to the discussions will create an additional hurdle. Weakening CFPB. The future of the Consumer Financial Protection Bureau, a watchdog agency created under Dodd-Frank, is likely to be one of the biggest targets under reconciliation. Republicans and financial services executives have tried for years to change how the bureau is managed and funded. They object to the bureau’s structure. It’s funded by the Federal Reserve system and has a single person in charge of approving rules and enforcement actions. Other independent agencies are run by a chairman and a bipartisan commission and get funding directly from Congress. Republicans must show that requiring Congress to approve the CFPB’s budget - which totals about $646.2 million - would reduce government ...

Trump To Dismantle Dodd-frank Regulations

... widespread protests, Uber CEO Travis Kalanick has stepped down from Trump’s Economic Advisory Council. Over the last week, thousands of people deleted the Uber app from their phones, after the company turned off surge pricing at JFK airport Saturday in a move many saw as an attempt to break the New York Taxi Workers Alliance strike on picking up travelers from JFK airport in solidarity with the massive protests that had erupted there over Trump’s immigration ban. On Trump’s Inauguration Day, activists chained themselves to each other to shut down the headquarters of Uber in San Francisco. Magazines Pull Out of White House Correspondents' Dinner Parties. Headlines Feb 03, 2017. And magazines The New Yorker and Vanity Fair have pulled out of White House Correspondents’ Dinner parties, amid President Trump’s proclaimed "war with the media." The New Yorker has canceled its annual kickoff party, while Vanity Fair has said it will not co-sponsor the dinner’s exclusive after-party. Comedian Samantha Bee has announced she’ll hold an alternative event the ...