Dodd-Frank Turns 5 & Not Everyone’s Happy About It

Personal Finance

Dodd-Frank Turns 5 & Not Everyone’s Happy About It

Dodd-Frank Turns 5 & Not Everyone’s Happy About It

Has financial reform been a sterling success or a terrible failure? Expect to hear a lot of opinions and posturing on the subject this month. July marks five years since Congress passed the most sweeping financial reform legislation since the Great Depression. The public reviews of what’s known as the Dodd-Frank reforms begin in earnest... Read More

Some Lesser-Known Parts of Dodd-Frank Reform Could Affect You

Personal Finance

Some Lesser-Known Parts of Dodd-Frank Reform Could Affect You

Some Lesser-Known Parts of Dodd-Frank Reform Could Affect You

We’ve done a bunch of stories about the Consumer Financial Protection Bureau, which officially opened its doors to the public last Thursday. But there are many more aspects of the Dodd-Frank Wall Street reform act that also took effect last week, just one year after President Obama signed the bill into law. For a good,... Read More

Regulators Have Missed Majority of Dodd-Frank Reform Deadlines

Personal Finance

Regulators Have Missed Majority of Dodd-Frank Reform Deadlines

Regulators Have Missed Majority of Dodd-Frank Reform Deadlines

Federal regulators have missed 80% of their deadlines for implementing the sweeping Dodd-Frank Wall Street Reform and Consumer Protection Act, according to a recent report by the law firm Davis Polk. Of the 163 rules that the government was required to write by July 21, 130 remain unfinished. The law has come under fire in... Read More

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

Students

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

The financial services industry erupted earlier this month, soon after the Consumer Financial Protection Bureau published a set of proposed rules for limiting the use of forced arbitration clauses by broad range of entities, including certain providers of financial products and services. This longstanding practice, whose origin dates back to 1925, of incorporating language that... Read More

Why Chase Customers Might Want to Adjust Their Overdraft Back-up Fund

Credit Cards

Why Chase Customers Might Want to Adjust Their Overdraft Back-up Fund

Why Chase Customers Might Want to Adjust Their Overdraft Back-up Fund

Attention, Chase customers: The bank is making some changes to its overdraft protection policy. Starting August 20, customers will no longer be able to cover overdrafts with a linked Chase credit card should they (accidentally) spend more than what’s in their checking account. Only savings accounts will be used as designated back-up funds. Previously, customers could link either type... Read More

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