How House bill would dismantle Dodd-Frank reforms

Source: Victoria Finkle, N.Y.Times (Paid Registration)

The House of Representatives is preparing to vote on Thursday on a bill intended to make sweeping changes to the financial regulatory system. Here are some of the most significant changes in the nearly 600-page Financial Choice Act:

The Consumer Financial Protection Bureau, a core creation of Dodd-Frank, would be significantly overhauled by the bill. The bureau would be restructured as an executive-branch agency with a single director who could be removed at will by the president. Right now, the director — currently Richard Cordray — can be removed only for cause.


Read Full Article: How House bill would dismantle Dodd-Frank reforms


Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

Housing Menu

Help Desk