Author Archives: Dr. Guru Raghavan
DFA and Regulation of interchange fees
The Dodd Frank Wall Street Reform and Consumer Protection Act (The Dodd Frank Act) was enacted on July 21, 2010.
Section 1075 of the Dodd Frank Act amends the Electronic Fund Transfer Act (EFTA) by adding a new section 920 regarding debit card...
DFA and Skin in the game for securitization market
Asset backed securities are created by buying and bundling loans – such as residential mortgage loans, commercial loans or student loans – and creating securities backed by those assets, which are then sold to investors.
Often such a bundle...
DFA and Living Wills (funeral plans)
Section 165(d) of Dodd Frank Act requires each non bank financial company or bank holding company with consolidated assets of $ 50 billion or more to submit periodically a plan for their rapid and orderly resolution in the event of material...
DFA and Volcker rule (Proprietary Trading)
Federal Regulators in the United States are moving ahead with a rule that would ban banks from trading for their own profit.
This rule – popularly known as Volcker Rule – is covered under Section 619 of Dodd Frank Act and contains two broad...
DFA and Federal regulation of the derivatives market
Title VII of Dodd-Frank Wall Street Reform and Consumer Protection Act address the gap in U.S. financial regulation of OTC derivatives by providing a comprehensive framework for their regulation.
The Dodd-Frank Act divides regulatory authority...
DFA and Standards and rules for the mortgage business
Mortgage Reform and Anti-Predatory Lending (Title XIV of DFA) will be administered by the new Bureau of Consumer Financial Protection. The relevant section focuses on standardizing data collection for underwriting and imposes obligations on...
DFA and Federal oversight of the insurance industry
Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.
According...
DFA and Financial Stability Oversight Council
As established under the Dodd-Frank Act, the Financial Stability Oversight Council (FSOC) will provide, for the first time, comprehensive monitoring to ensure the stability of financial system in US.
The Council is charged with identifying threats...
DFA and Orderly Liquidation Authority
The Dodd-Frank Act provided important new authorities to the FDIC to resolve Systemically Important Financial Institutions.
Prior to the recent crisis, the FDIC’s receivership authorities were limited to federally insured banks and thrift...
DFA and Bureau of Consumer Financial Protection
Bureau of Consumer Financial Protection is the Federal Agency that is entrusted with primary responsibility for ensuring consumer protection.
It was founded as per the Dodd Frank Act mandate and began operations on 21st July 2011. This Bureau...
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