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How Can Trump Really Affect Dodd-Frank?

[fa icon="calendar'] Feb 7, 2017 1:21:33 PM / by Eustis Mortgage posted in mortgage news, dodd-frank act

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In July of 2010, President Obama signed The Dodd-Frank Wall Street Reform and Consumer Protection Act into federal law. According to the Dodd-Frank Cheat Sheet, the Act “implements changes that, among other things, affect the oversight and supervision of financial institutions, provide for a new resolution procedure for large financial companies, create a new agency responsible for implementing and enforcing compliance with consumer financial laws, introduce more stringent regulatory capital requirements, effect significant changes in the regulation of over-the-counter derivatives, reform the regulation of credit rating agencies, implement changes to corporate governance and executive compensation practices, incorporate the Volcker Rule, require registration of advisors to certain private funds, and effect significant changes in the securitization market.”

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