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News Now

Washington
Congress this week Marking second Dodd-Frank anniversary
WASHINGTON (7/10/12)--With this month marking the second anniversary of the Dodd-Frank Wall Street reform package, the House Financial Services Committee will be taking a look at the impact of that law.

The House Financial Services subcommittee on capital markets and government-sponsored enterprises will hold the first in the series of hearings today with a session to examine the effect that the act has had on U.S. capital markets, businesses, investors, and consumers. The hearing is expected to have a particular focus on derivatives regulation; the so-called Volcker Rule, intended to ban banks from making certain speculative investments; risk retention; and single counter-party credit limits.

The House Judiciary subcommittee on intellectual property, competition and the Internet has scheduled a hearing for today titled, "Impact of Dodd-Frank Act: Financial Services Competition."

On Wednesday, the House Financial Services subcommittee on financial institutions and consumer credit will hold a hearing titled, "Impact of Dodd-Frank Act: Mortgage Banking."

The House was expected to vote last night on a Credit Union National Association–supported ATM disclosure bill. (See related story: CUNA encourages 'yes' vote on ATM bill.)


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