Dodd-Frank

The collapse of the housing bubble in 2008 triggered a deep recession from which the market is just now recovering. In response, Congress hastily enacted the Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd-Frank. This legislation imposes a massive regulatory framework upon the entire financial system, constrains the availability of credit, increases lending costs, and guarantees taxpayer funded bailouts for large financial intuitions.

Briefs

Replacing Dodd-Frank: The Financial CHOICE Act

Background: In response to the financial crisis of 2007-08 and the Great Recession, Congress rushed through Dodd-Frank under the guise of “consumer protection.” This law…

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Repealing Dodd-Frank

The collapse of the housing bubble in 2008 triggered a deep recession from which the market is just now recovering. The bubble was fed by…

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Blog posts

Congress Has Its Best Shot Yet to Repeal Dodd-Frank

Earlier this year under the leadership of Chairman Jeb Hensarling (R-TX), the House Financial Services Committee passed the Creating Hope and Opportunity for Investors, Consumers,…

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Government Regulation Responsible for the Drop in Mortgage Loans from Banks

Banks, credit unions and other depository institutions accounted for less than half of all mortgage dollars lent to borrowers during the third quarter of 2016.…

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Video: How to Discuss Conservative Issues in your Community

https://www.youtube.com/watch?v=p16sK9roImM&feature=youtu.be The majority of Americans agree that consumers lose with Dodd-Frank because the law is consumer protection for billionaires. Watch CEO & Managing Partner of Heart &…

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Stopping the DOL’s New Fiduciary Rule is Another Reason Congress Must Pass the Financial CHOICE Act

On September 13th, the House Financial Services Committee passed Chairman Jeb Hensarling’s (R-TX) Financial CHOICE Act (H.R. 5983) by a vote of 30-26. This bill…

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CFPB Faster to Regulate than Other Federal Agencies

The Consumer Financial Protection Bureau’s (CFPB) median pace of creating new regulations is 3.5 times faster than that of significant executive agencies. This revelation, coming…

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The Popular Narrative About Financial Deregulation Is Wrong

By Norbert Michel, Heritage Foundation Financial Regulations Expert Americans are being fed a false narrative. As the story goes, in 1999, Congress repealed the 1933…

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Why Resurrecting Glass-Steagall is a Mistake

Guest Blog: Gloria Taylor In a rare occurrence, Republicans and Democrats share some common ground in their respective political platforms this election cycle. Both call…

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Sentinel Real Estate Professionals CFPB Letter on TRID and Dodd-Frank Reform

Heritage Action Sentinel Real Estate Professionals sent a letter to the Consumer Financial Protection Bureau (CFPB) calling on the bureau to reform its costly and…

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Dodd-Frank Cost $36 Billion, 73 Million in Paperwork Hours

A recent report from the American Action Forum (AAF) shows that total regulatory cost from the Dodd-Frank Act of 2010 now exceeds $36 billion. This…

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With Dodd-Frank Reform, Community Banks Could Make a Comeback

Since the passage of the Dodd-Frank Act in 2010, almost no new banks have opened. The number of smaller community banks, with assets under $10…

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House Republicans Hope to Reduce Financial Regulations, Reform Dodd-Frank

This Tuesday, a task force of House Republicans released a regulatory policy agenda outlining what policies Congress should enact to help jumpstart the economy. Entitled…

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Financial CHOICE Act Represents Major First Step to Repeal Dodd-Frank

Guest Blog: Authored by Heritage Foundation financial regulation expert Norbert Michel. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is among the most inappropriately named laws…

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Heritage Action Praises Hensarling’s Dodd-Frank Reform

Press Release: Washington — Today, House Financial Services Chairman Jeb Hensarling (R-TX) 81% released his proposal to overhaul the Dodd–Frank Wall Street Reform and Consumer Protection…

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Dodd-Frank Replacement Bill to be Unveiled June 7th

Representative Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, will introduce new legislation to replace the 2010 Dodd-Frank Act on June 7th. Although…

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Dodd-Frank Drives Home Prices Up, Suppresses Affordable New Home Construction

Economists are starting to acknowledge that the lack of supply in the housing market, especially the supply of affordable single family homes, is one of…

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House Republicans take steps to rein in CFPB and Dodd-Frank

Last week, the House Financial Services committee passed two separate bills addressing significant legislation impacting mortgage lenders, banks, and real estate agents. The first, introduced…

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Increase in Home Prices a Result of More Federal Regulation

Earlier this week, the Housing and Insurance subcommittee held a hearing entitled “The Future of Housing in America: Government Regulations and the High Cost of…

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New federal rules on Closing Disclosures creating trouble for real estate agents

The Consumer Financial Protection Bureau’s (CFPB) new rule surrounding federal real estate settlement procedures is causing lenders and title companies to refuse to provide closing…

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Length of time to close mortgage loans going up

According to a news report from Ellie Mae, the average time it takes for new home buyers to close a loan increased 4 days since…

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