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ARTICLE · 04 JULY 2017

The Future Of Dodd-Frank: Where Is It Going?

Seyfarth Shaw LLP
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Just last week Steve Mnuchin, the Secretary of the Treasury, put forth the first of several Reports proposing financial reforms.

United StatesConsumer Protection
Karen Bitar
Karen Bitar
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Seyfarth Synopsis: Just last week Steve Mnuchin, the Secretary of the Treasury, put forth the first of several Reports proposing financial reforms.  Much of the Report makes sweeping changes to Dodd- Frank, the legislation put in place after the 2008 financial crisis.  The Report comes on the heels of the Financial Choice Act, introduced by House Republicans, which also proposes repealing key provisions of Dodd-Frank.  These actions are the opening salvo in what is expected to be a protracted and complicated effort to curb the regulations that make up Dodd-Frank, which is considered by many Republicans  to be legislation which has stifled economic growth and hurt the banking industry.  This One Minute Memo will update you on both initiatives, including efforts to curb the power of the CFPB.

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