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Extreme Makeover: Dodd-Frank Edition

posted Jun 2, 2015, 2:49 PM by Dawn Ranghel

The Senate Banking Committee passed the Financial Regulatory Improvement Act of 2015, a bill that revises provisions of the Dodd-Frank. The bill, passed by the Senate Banking Committee with only Republicans voting in favor, eases regulatory burdens on small financial institutions. The bill would increase Congressional oversight of government-sponsored enterprises (GSE), Freddie Mac and Fannie Mae.


The legislation raises the asset threshold for designating banks as systemically important financial institutions from $50 billion to $500 billion (i.e., the Federal Reserve would now evaluate bank holding companies with $500 billion rather than $50 billion). In addition, it revises the Federal Home Loan Bank Act definition of a “community financial institution” to include small credit unions – those with less than $1.1 billion in assets. 

See link to WIPP website from where this news article was extracted: http://www.wipp.org/news/233563/Extreme-Makeover-Dodd-Frank-Edition.htm