April 9, 2014
by Daniel Mullen
The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Bank of America to pay $727 million for its illegal credit card practices. The CFPB asserts that Bank of America used deceptive marketing and unfair billing practices in violation of the Dodd-Frank Wall Street Reform and Consumer ...[read more]
December 11, 2011
by Clay Flaherty
On December 11, 2009, the US House of Representatives voted 223-202 to approve a bill creating a consumer financial protection agency and strengthening oversight of the financial industry. The Wall Street Reform and Consumer Protection Act of 2009 ultimately consolidated into the Dodd-Frank Wall ...[read more]
November 10, 2011
by Meagan McElroy
On November 10, 2009, US Senate Banking Committee chair Chris Dodd introduced financial reform legislation intended to address systemic risks to the nation's economy that precipitated the 2008-2009 financial crisis. US financial regulators and scholars had previously recommended greater regulatory ...[read more]
October 1, 2011
by Dwyer Arce
On October 1, 2010, the US Financial Stability Oversight Council (FSOC) convened for the first time and approved a number of documents related to its duties under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The FSOC, which operates within the US Department of Treasury under the ...[read more]
October 2, 2010
by Sarah Paulsworth
The US Financial Stability Oversight Council (FSOC) convened for the first time on Friday and approved a number of documents related to its duties under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The FSOC, which operates within the US Department of Treasury under the direction ...[read more]
July 21, 2010
by Hillary Stemple
US President Barack Obama on Wednesday signed the Restoring Financial Stability Act into law. The legislation, which focuses on increasing regulation in the financial sector following the recent economic crisis, received final approval by the Senate last week after being approved by the House of ...[read more]

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