September 3, 2010 – FDIC Chairman Sheila Bair, in testimony before the Financial Crisis Inquiry Commission discussed how future systemic risks can be better managed and reduced under provisions of the Dodd-Frank Act.  Chairman Bair also said that new liquidation authority under the Act is a fundamental factor that will allow the U.S. to end the practice of “Too Big [...]

August 13, 2010 – As the scope of the recently passed Dodd-Frank Act is assessed, many are convinced that the massive new regulatory burdens imposed by the new bill  could cripple bank lending and restrain economic growth.   Despite the good intentions of Congress, the unintended consequences of a massively complex and ambiguous financial reform bill may paralyze the financial [...]

August 13, 2010 – Congress quickly passed the massive 2,300 page Dodd-Frank Act which will profoundly reshape financial markets for years to come.  Numerous federal regulators now have the immense job of writing hundreds of new regulations to enforce the bill’s sweeping mandates.  Implementing and complying with the coming tidal wave of new regulations is certain to [...]

To order to carry out its responsibilities under the recently passed Dodd-Frank Wall Street Reform and Consumer Protection Act, the FDIC announced the creation of a new Office of Complex Financial Institutions (CFI) and Division of Depositor and Consumer Protection (DCP). The Dodd-Frank Act gave the FDIC authority to implement orderly liquidation of institutions designated as “systemically [...]

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama on July 21, 2010, permanently increases the deposit insurance limit to a maximum of $250,000. Deposit insurance limits had previously been temporarily increased from $100,000 to $250,000 effective from October 3, 2008, through December 31, 2010.  The higher insurance coverage applies [...]

July 15, 2010 – New regulations for Wall Street and banks as well as broad new lending protection for consumers now awaits the President’s signature to become law.   On a 60-39 vote, the Senate today passed the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The broad new powers given to regulators by the new bill was in response to the financial crisis [...]