Treasury Issues Rules For Covering Dodd-Frank Expenses

Law360, New York (May 18, 2012, 7:06 PM EDT) -- The U.S. Department of the Treasury has set out guidelines for collecting fees on banks and other financial institutions to cover its expenses for increased financial oversight required under the Dodd-Frank Act, according to a Federal Register notice set to be published Monday.

Treasury released two rules that outlined a structure for assessing fees on banks with greater than $50 billion in assets and certain qualifying nonbank financial companies, such as hedge funds, private equity firms and insurers.

Under the rules, Treasury would assess fees in...
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