
Showing 2 posts by Hale Yazicioglu Lake.
Congress Waters Down Dodd-Frank for Small and Regional Banks, Updates Consumer Protections
After much anticipation, Senate bill 2155—which rolls back major aspects of the Dodd-Frank law—was approved by Congress and was signed into law by President Trump.
Among the most notable changes, the legislation waters down regulations for small and regional banks. The threshold for banks "too big to fail" will be raised from $50 billion in assets to $250 billion, so that fewer than ten major U.S. banks will now be subject to Dodd-Frank's strictest regulations, including the Federal Reserve's stress test.
While the bill is widely regarded as regulatory roll back, the legislation also updates certain consumer protections, mostly regarding credit reports and student loans. More ›
Supreme Court Watch: Cities CAN Sue Banks for Predatory Lending
Over the last ten years, cities like Miami, Florida have experienced a decrease in property tax revenues, an increase in demand for police, fire and other municipal services, and an increase in foreclosures and vacancies, particularly in minority neighborhoods. In what appears to be a response to this environment, the City sued Bank of America and Wells Fargo for violations of the Fair Housing Act, claiming they intentionally issued riskier mortgages on less favorable terms to African-American and Latino customers. According to the City, this discriminatory conduct caused higher foreclosure rates and vacancies among minority borrowers, which in turn lowered property values, diminished property-tax revenues and increased the demand for municipal services to remedy the blight that foreclosures and vacancies generate. More ›
Topics
- 1st Circuit Court of Appeals
- 2nd Circuit Court of Appeals
- 3rd Circuit Court of Appeals
- 4th Circuit Court of Appeals
- ACA
- Appellate Decisions
- Appointment Power
- Arbitration
- Arbitration Rule
- Attorneys' Fees
- Autodialer
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- Bankruptcy
- Bankruptcy Code
- Biometric Information Privacy Act
- BIPA
- Blockchain
- California
- California Court of Appeal
- Car Dealership
- CFPB
- Circuit Split
- City of Miami
- Class Action
- Class Action Fairness Act of 2005
- Class Certification
- Cole Memorandum
- Colorado
- Compliance Audit
- Compliance Corner
- Congressional Review Act
- Consumer Financial Protection Act
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- Consumer Protections
- Corporate Compliance
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- Craigslist
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- Cryptocurrency
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- D.C. Circuit Court of Appeals
- Debt Buyers
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- Debt Purchase
- Deceased Debtors
- Default Notice
- Department of Education
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- Dodd-Frank
- Dodd-Frank Wall Street Reform and Consumer Protection Act
- Education
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- Equal Opportunity Act
- FACTA
- Fair and Accurate Credit Transactions Act
- Fair Credit Billing Act
- Fair Credit Reporting Act
- Fair Debt Collection Practices Act
- Fair Employment and Housing Act
- Fairness in Class Action Litigation Act of 2017
- FCBA
- FCC
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- FDCPA
- Federal
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- Federal Housing Authority
- FHA
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- Financial Regulatory
- Florida
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- Rhode Island
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- Richard Cordray
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