Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (08/03/2011)
* WASHINGTON (8/4/11)--A recent federal appeals court decision could delay the implementation of several Dodd-Frank Wall Street Reform and Consumer Protection Act regulations. The U. S. Court of Appeals for D.C. Circuit Court ruled last month that the Securities and Exchange Commission did not properly conduct a cost-benefit analysis before finalizing a proxy rule required by the regulatory reform law (American Banker Aug. 3). Financial industry observers say the ruling will cause regulators to carefully justify their decisions for the implementation of new rules moving forward. The entire implementation of Dodd-Frank is at risk if the rules do not withstand court challenges, said Hal Scott, Nomura Professor and director of the Program on International Financial Systems at Harvard Law School. Republicans who opposed Dodd-Frank and have fought many of its regulations said the ruling supports their arguments that the new rules would be costly and burdensome to banks and the financial system …


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
10 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
15 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
16 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
16 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
17 hours ago