The President today signed into law a bi-partisan bill that provides regulatory relief from certain requirements of the Dodd-Frank Act of 2010. The Economic Growth, Regulatory Relief, and Consumer Protection Act leaves the architecture and core features of Dodd-Frank intact, but significantly recalibrates the size thresholds for certain requirements, reducing regulatory burden particularly for mid-size and smaller institutions. While the changes mandated by the Act are significant, it also places substantial discretion for further changes in the hands of the Federal Reserve Board. Click here for more
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