The failed bet that cost JPMorgan Chase $2 billion and plunged the bank’s stock by more than 9% on May 11 has rattled the …
dodd-frank
Why Regulators Delayed the Volcker Rule
Federal regulators announced Thursday that final implementation of the Volcker Rule will be delayed two years beyond the nominal deadline this July. The delay is a win for banks that were struggling to adjust to the looming restriction on their ability to make money through market trading as opposed to the more traditional, less …
What Can Dodd-Frank Do For You?
A little while back, a reader asked me, “what is in the [financial reform] bill that affects us little people?” I gave only a very cursory answer, but the first item on my list was the Consumer Finance Protection Bureau. By overseeing the loans and financial products companies sell to individual consumers, the CFPB has the potential to …