Treasury Proposes Expanding Dodd-Frank Body's Power

Law360, New York (June 16, 2017, 7:18 PM EDT) -- Despite concerns the Trump administration would eliminate a key regulatory panel created by the Dodd-Frank Act, the Treasury Department recently proposed giving it even more power over U.S. financial regulators, seeking to put a lead agency in charge of crafting and enforcing complex regulations.

The Treasury Department’s report on updating U.S. financial regulations includes giving the Financial Stability Oversight Council the power to designate lead regulators on complicated rule-makings and enforcement actions. While the details of that plan need to be fleshed out by Congress, there...
To view the full article, register now.