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The House approved the Promoting Job Creation and Reducing Small Business Burdens Act by a vote of 271-154, after republicans failed. loan obligations under the Volcker Rule for two additional.
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Federal regulators today voted to approve the "Volcker Rule," aimed at limiting risk-taking by big Wall Street banks.Under discussion for nearly five years, the rule (named for former Federal Reserve Chairman Paul Volcker, who proposed it), the rule is a prime example of the sort of tighter regulation that many – but by no means all – Americans support.
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Unlike members of Congress, regulators aren’t used to receiving massive public pressure. Our campaigns in the past helped push bank overseers to finally implement the Volcker Rule after years of delay. Now we need that kind of outcry once again. Tell federal regulators: Protect the Volcker Rule.
FHA mortgage insurance premiums won’t be going down in 2015 A bill has been introduced to congress (maxine waters, D – CA) that would commute the life sentence given to FHA borrowers back in January of 2013. That is when HUD raised FHA Mortgage Insurance.
The Federal Reserve unveiled its plan Wednesday to soften regulations within the Volcker rule, which imposes limits on large banks in proprietary investment activities. Back in 2013, as part of the Dodd-Frank Act, regulators including the Federal Reserve and the Federal Deposit Insurance Corp. approved of the final rule after years of deliberation.
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Quarles said in March that regulators were targeting "material changes" to the volcker rule. bloomberg news By putting the central bank in charge of the Volcker Rule, supporters of the bill hope to streamline how the rule is implemented, by having one agency they can tap to clear up questions about how to interpret it.
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On December 10, 2013, the five US federal financial regulators (the "Agencies") approved joint final regulations (the "Final Regulation") implementing Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), commonly referred to as the Volcker Rule.1 Section 619
After four years of fervent public debate and intense regulatory deliberation, Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), known as the Volcker rule (the rule), was approved by all five of the required federal agencies on Dec. 10, 20131.