Posts Tagged ‘Dodd-Frank Wall Street Reform and Consumer Protection Act’

Regulating bank subsidiaries until ordered to stop, says top bank regulator

Mississippi’s Department of Banking has returned to licensing wholly owned subsidiaries of federally chartered banks and thrifts and enforcing their compliance with state financial consumer protection laws. Banking Commissioner John Allison cites the Dodd-Frank Wall Street Reform and Consumer Protection Act as authority for restoration of enforcement powers the state ceded to the Office of […] [...]

Dodd-Frank expected to set off new competition for customer deposits

Bankers should be prepared to raise more capital reserve money without looking for it in the places they are used to finding it. And in a first for the U.S. banking sector, bankers should prepare to pay interest on the “demand deposit” accounts held by businesses. Those are among the challenges the Dodd-Frank Wall Street […] [...]

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