Banks delayed foreclosures to influence discussion of Dodd-Frank, paper finds

In 2009-2010, the housing crisis was at its worst: an average of nearly 300,000 new foreclosures were started every month during those two years. Banks that serviced delinquent mortgages held off on starting foreclosure proceedings on loans located in the electoral districts of members of the House Financial Services Committee in order to influence Congressional […]

The Importance of Dodd-Frank, in 6 Charts

This week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee both hold hearings on topics that involve the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank, as the act is commonly known, was passed in direct response to clear and unmistakable lessons learned during the 2007-2008 financial […]

Dodd-Frank changes likely under Trump

Despite criticism during the presidential campaign of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Trump administration is unlikely to seek its wholesale repeal, although certain segments of it may be subject to significant change, experts say. Last week, President-elect Donald Trump's selection to lead the U.S. Treasury, Steven Mnuchin, and his commerce […]