Financial Services Reform Webinar Series:
A Closer Look at the Dodd-Frank Act
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping overhaul of federal regulation of the financial services industry since the Great Depression. Weighing in at more than 2,400 pages, the Dodd-Frank Act will affect a broad spectrum of financial services activities, institutions and professionals. Additional changes are sure to come through legislative corrections, rulemaking and other regulatory action.
To help companies keep pace with this legislative and regulatory tsunami, Pepper Hamilton has prepared a series of webinars examining the Dodd-Frank Act's changes, and what they mean for financial services businesses and their customers.
Webinar Seven - The Dodd-Frank Act One Year Later: What's New and What to Expect
Thursday, July 21, 2011
One year after adoption of the Dodd-Frank Act, much has happened, but much remains to be done. On the consumer finance side, President Obama will nominate former Ohio Attorney General Richard Cordray as director of the Consumer Financial Protection Bureau. Cordray has been working as enforcement chief at the CFPB for months under the wing of Elizabeth Warren, and dozens of Republican senators have already announced they intend to oppose any Obama appointee to the office, and particularly one so close to Warren. What effect will a confirmation battle in the Senate have on the CFPB? What impact will efforts in Congress to cut funding to the CFPB have? Treasury, the Fed, the FDIC, the SEC, the CFTC and other agencies also have issued reams of proposed rules and regulations since passage of the Dodd-Frank Act. In June and July 2011 alone, for example, comment periods end on the Fed and FDIC "living will" proposed regulations on resolution plans and credit exposure reports for covered systemic organizations; the CFTC's proposal on margin requirements for uncleared swaps; proposed regulations on capital requirements of swap dealers and major swap participants; and multi-agency proposed regulations governing reporting requirements for OTS-supervised thrifts and S&L holding companies, just to name a few. Join our panel to learn the latest on federal regulation and how it will impact your business.
Post-Event Document (.pdf)