Tag Archives: Dodd-Frank

Unintended consequences of credit card regulation

Professor Todd Zywicki at the George Mason University School of Law makes a a number of good points in the Wall Street Journal about how new federal limits on credit-card issuers have forced more Americans to go to payday lenders, pawn shops and local loan sharks in order to get credit. Continue reading

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Roundtable Encourages Fed-CFPB Coordination

According to CNN Money, the Consumer Financial Protection Board, the Treasury Department and the Federal Reserve are working together to speed the new financial rulemaking mandated under Dodd-Frank.

The Financial Services Roundtable supports this joint effort. We believe that all the agencies should work together and should be united on these common goals. Continue reading

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The End of Free Checking?

“The decline of free checking is the first of many middle-class perks likely to vanish in the rush to regulate.”

That was the conlcusion of John Berlau, director of the Center for Investors and Entrepreneurs at the Competitive Enterprise Institute. Berlau’s recent oped in the Wall Street Journal lamented the loss of certain conveniences that banks have sacrificed to comply with new financial legislation and regulations. Continue reading

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Fast Facts on Dodd-Frank Rulemaking

Perhaps the most salient feature of the Dodd-Frank Act is the number of rulemakings required in a short period of time. The industry and regulators alike will need to coordinate to give adequate consideration to each rule and its impact on the economy and financial services sector. Continue reading

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Roundtable Statement on Passage of Dodd-Frank

Steve Bartlett, President and CEO for the Financial Services Roundtable issued the following statement on the Senate passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. “The Roundtable has neither endorsed nor opposed the total bill in its … Continue reading

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Steve Bartlett Speech: A New Day for Financial Services

Steve Bartlett, President and CEO of the Financial Services Roundtable, addressed the National Press Club about financial services legislation and regulation in a speech entitled “A New Day for Financial Services.” In the speech, Bartlett discussed steps taken by the … Continue reading

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