The U.S. House Financial Services Committee heard testimony from the CEOs of U.S. global systemically important banks on "trends and developments in the industry since the 2008 global financial crisis."
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The Federal Reserve Bank of New York released a staff paper that analyzes the reasons why financial professionals may move back and forth between the government and the private sector. The paper disputes the notion that there is a "revolving door" between the government and the private sector that results in lax regulation. It goes on to suggest that government regulators may benefit from harsh regulation, making them more desirable as future private sector employees. See : " The Revolving Door and Worker Flows in Banking Regulation " (Staff Report).
American Action Forum ("AAF") Director of Regulatory Policy Sam Batkins and Research Analyst Dan Goldbeck detailed the costs to the economy of the Dodd-Frank Act.
In a letter to the CFPB, the American Bankers Association warned that shifting the liability for fraudulent payments on peer-to-peer instant payment systems to institutions will likely have negative consequences.
The American Banker Association expressed concern over a CFPB proposal to establish a public registry designed to collect information about public agency orders and judgments related to violations of the consumer protection laws.