The Republican-run House Financial Services Committee is putting forth the Financial CHOICE Act, the GOP’s sweeping alternative to the Dodd-Frank Act, which would take financial services reform in a direction more in line with the Trump administration’s goals. As the bill makes its way through Congress, some of the initial aspects of the bill, dubbed… Read More >>
Trump Directive Could Help ‘CHOICE Act’
In what is turning out to be a pattern, President Donald Trump chose to issue major directives on a Friday, and in this case, he signed documents intended to repeal key areas of regulation of the financial services industry. The president hinted at what was to come later on Friday, Feb. 3, during remarks for… Read More >>
Meet the New Czar of Wall Street Regulation
Until recently, Congressman Jeb Hensarling, a Republican from Texas, was not that well known outside the beltway in Washington, D.C., and the hallways of Wall Street firms. But that is rapidly changing. Given the GOP’s control of the federal government, Hensarling may well become the sworn enemy of U.S. Senator Elizabeth Warren, the divisive Democrat… Read More >>
Even the GOP Worries about TBTF
It only took six years but the Republicans have finally issued a response to the much-maligned Dodd-Frank Act, and there was a disturbingly familiar refrain amid the rants of the Republican chairman of the House Financial Services Committee, Texas Congressman Jeb Hensarling, who is the proponent of the GOP alternative. To recap, moving from the… Read More >>
House Financial Services Chair Offers Plan to Gut Dodd-Frank
The Republican chairman of the House Financial Services Committee, Texas Congressman Jeb Hensarling, has unveiled a plan to repeal the Dodd-Frank Act, which he has called a “grave mistake,” and replace it with the Financial CHOICE Act. CHOICE, in the Hensarling plan, is an acronym for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs…. Read More >>
