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What Barney Frank would change about Dodd-Frank (and what he wouldn’t)
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Banking, Consumer Protection, Financial Stability, Investor Protections, Legislation, Risk Retention, Securitization, Volcker Rule
Saturday, July 26, 2014
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Barney Frank, the retired Massachusetts Democrat who coauthored the Dodd-Frank Act, returned to Capitol Hill for a hearing coinciding with the fourth anniversary of the measure’s enactment. Frank, who once chaired the House Financial Services Committee, sparred with the committee’s Republican leaders and shared his views on where Dodd-Frank should change, where it shouldn’t and areas where regulators may be missing the mark. Read on to learn why Frank is troubled by regulators’ plans to equate Dodd-Frank’s qualified mortgage and qualified residential mortgage definitions.
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