Title VI provides for heightened regulation of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and depository institutions to ensure that these institutions do not threaten the United States’ financial...
wex articles
Dodd-Frank: Title VII - Wall Street Transparency and Accountability
Introduction
Title VII creates a framework for the regulation of swap markets. Title VII grants the Commodity Futures Trading Commission (CFTC) regulatory authority over swaps, except for security-based swaps, which are regulated by the...
Dodd-Frank: Title VIII - Payment, Clearing, and Settlement Supervision
Introduction
Title VIII provides a new framework for assessing the systemic risk associated with financial institutions and financial market utilities involved in clearing activities for financial transactions. The Title grants authority to...
Dodd-Frank: Title X - Bureau of Consumer Financial Protection
Introduction
Title X of the Dodd-Frank Act (aka: Consumer Financial Protection Act of 2010), created the Consumer Financial Protection Bureau (CFPB or Bureau) as an independent agency within the Board of Governors of the Federal Reserve...
Dodd-Frank: Title XI - Federal Reserve System Provisions
Introduction
Title XI addresses changes to the Federal Reserve System. First, the Title allows greater supervision of the Federal Reserve’s operations by allowing the Comptroller General of the United States (the Comptroller) to audit the...
Dodd-Frank: Title XII - Improving Access to Mainstream Financial Institutions
Introduction
Title XII authorizes the Secretary of the United States Department of the Treasury to create multi-year grant programs designed to encourage Title XII’s targeted group, low-to-moderate income individuals, to utilize mainstream...
Dodd-Frank: Title XIII - Pay It Back Act
Introduction
Title XIII, commonly known as the “Pay It Back Act” (the Act), amends the Emergency Economic Stabilization Act of 2008 (EESA) by decreasing the Secretary of the Treasury’s (the Secretary) authority to purchase distressed assets...
Dodd-Frank: Title XIV - Mortgage Reform and Anti-Predatory Lending Act
Purpose
The 2008 economic crisis was triggered in part by the real estate bubble bursting. Mortgages became extremely easy to obtain, and many of those mortgages had predatory provisions that made it difficult for borrowers to pay off the...
Dodd-Frank: Title XV - Miscellaneous Provisions
Introduction
Title XV contains seven miscellaneous provisions. Title XV restricts the ability of the United States’ Executive Director at the International Monetary Fund to approve loans to foreign countries that are unlikely to be repaid in...
Dodd-Frank: Title XVI - Section 1256 Contracts
Title XVI – Section 1256 Contracts
Title XVI supplements Title VII and modifies Internal Revenue Code (IRC) § 1256 by exempting certain derivative contracts from treatment as § 1256 contracts for taxation purposes. Title VII imposes trading and...