- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: As the fifth anniversary of the Dodd-Frank Act approaches, we’ll hear more talk about whether the law needs reform; in fact, we already hear that talk in Congress. Before we go too far, Compliance Week editor Matt Kelly writes, we should remember what caused the financial crisis in 2008 ...
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One of the most vigorous assaults yet on the Dodd-Frank Act came on June 7 from House Financial Services Committee Chairman Jeb Hensarling (R-Texas). Joe Mont looks at the implications of Hensraling’s Financial CHOICE Act, his plan “to replace the Dodd-Frank Act and promote economic growth.”
The Supreme Court rejected a claim that the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional, removing a legal challenge that had the potential to overturn all the agency’s regulations and enforcement actions.
Federal regulators adopted a notice of proposed rulemaking on incentive-based compensation requiring large banks to make their executive compensation arrangements “more sensitive to risk.”
