dodd-frank act

Bank of America has come a long way since its humble beginnings. It has grown from a single branch to over 3,800 financial centers and 16,000 ATMs. It serves over 67 million customers with 56 million verified digital users. While primarily serving customers in the U.S., Bank of America also has a...

Those who don't learn from history are doomed to repeat it, and Moody’s Investors Service issued a warning to investors on Wednesday that U.S. banks are entering territory not seen since prior to the 2008 financial crisis. Moody’s said U.S. corporate leverage now exceeds levels seen...

In the eight months since President Donald Trump assumed office, the financial sector has been moved by quite a few catalysts. There’s the bipartisan press for the 21st Century Glass-Steagall Act, which would more solidly bifurcate banks into commercial and investment segments to improve...

If you’re among the 29 million consumers who got back a portion of the $11.8 billion in bad billings by your credit card company or lender, you’re probably happy that a thing called the Consumer Financial Protection Bureau was created by former President Barack Obama nearly six years...

The financial space, which capitalized on President Donald Trump's election, banking on his promise of deregulation, has had a lukewarm first quarter. The Financial Select Sector SPDR Fund (NYSE: XLF) is up merely 0.9 percent compared to a 5.29 percent advance by the S&P 500. However, since...

In an expected move, Fed Governor Daniel Tarullo decided to quit the position, as the Trump team has embarked on the mission of overhauling the Dodd-Frank Act, which was introduced to regulate the banking system post the financial crisis. Tarullo was overseeing the regulation of the American...

The Dodd-Frank Act has earned the disdain of the Republicans ever since it was enacted. The collective opposition to the regulation was exemplified in President Donald Trump's statement that said the Dodd-Frank Act is a disaster. The president said he soon plans to do a "big number" on the 2010...

Federal Mational Mortgage Assctn Fnni Me (OTC: FNMA) on Friday reported that the government-sponsored enterprise (GSE) issued $14.4 billion of multifamily mortgage-backed securities (MBS) in Q4 of 2016. That number brings Fannie Mae's total for the year to $55 billion of total multifamily MBS...

President Donald Trump garnered a lot of attention for inflammatory and controversial comments he made throughout the campaign season. There have been countless attacks from critics about Trump’s temperament, his views toward women and his qualifications for office. However, now that Trump is...

For a while there, financial services stocks and the corresponding exchange traded funds were the talk of the town. ETFs such as the Financial Select Sector SPDR (NYSE: XLF) and the SPDR S&P Regional Banking ETF (NYSE: KRE) soared following Election Day. Since November 9, the first trading...

Now two weeks removed from Election Day, it is not a stretch to say one of the safest spaces of all has been the U.S. equity market. Those looking for tactical safer spaces can certainly find them with myriad sector and industry exchange-traded funds with much of that safety coming from financial...

Broadly speaking, political donors on Wall Street backed Democrat Hillary Clinton in this year's presidential election. Judging by the reaction to Republican Donald Trump's stunning upset, financial services stocks and the corresponding exchange-traded funds are comfortable with the idea of...

In what might seem a protectionists move for small banks with operations confined merely to banking and operating mostly domestically, the Fed is considering some measures, according to a speech delivered by a Fed official. Daniel Tarullo, a board member at the Federal Reserve, explained the...

Speaking on CNBC, Minneapolis Fed President Neel Kashkari said that American people should not have a false sense of security that "too big to fail" can't happen again. He believes some of that risk remains and he thinks that it is necessary to consider more transformational...

Last month, Federal Reserve Bank of Minneapolis president Neel Kashkari spoke regarding the FOMC and the Federal Reserve System, offering a personal assessment of the "too big to fail" banking crisis. In 2010, Kashkari was an adamant supporter of financial reform. At the time, despite his desires...