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Economic Growth, Regulatory Relief, and Consumer Protection Act: Law, Explanation and Analysis

Economic Growth, Regulatory Relief, and Consumer Protection Act: Law, Explanation and Analysis

By Wolters Kluwer Editorial Staff
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Softcover
$75.00

Softcover

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Overview

On May 24, 2018, President Donald J. Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174), an act intended to ease many of the post-recession restrictions that were imposed on the financial services industry by the Dodd-Frank Act. The law is intended principally to assist community banks, but significant provisions will change which bank holding companies are subject to enhanced prudential standards, benefiting larger banks. The legislation also contains provisions dealing with algorithmic trading in securities markets, the financial exploitation of seniors, cybersecurity, and hedge fund names.

Although the effort for a major overhaul of the Dodd-Frank Act sought by Congressional Republicans fell short, the Economic Growth, Regulatory Relief, and Consumer Protection Act contains significant regulatory changes. Further rollbacks of Dodd-Frank are now left to regulators in implementing the changes or for future lawmaking by Congress.

The Economic Growth, Regulatory Relief, and Consumer Protection Act: Law, Explanation and Analysis provides a thorough analysis of these provisions and immediate insight into the impact of the new law. Written by the banking and securities law experts at Wolters Kluwer, the publication analyzes all sections of the Act, explaining the changes, the historical context, the congressional intent and the practical impact, and includes citations to new and amended law sections. The publication also features the full text of the legislation and relevant committee reports, a table of statutes amended, and an extensive topical index covering the subject matter of the legislation.

Publish Date 07/25/2018
Product Line Wolters Kluwer Legal & Regulatory U.S.
ISBN 9781543803303
SKU 10065813-0001
Table of Contents

CHAPTER 1. REGULATORY RELIEF FOR COMMUNITY BANKS

  • Introduction

CAPITAL RULES

  • Community Bank Leverage Ratio
  • Supplementary leverage ratio
  • HVCRE acquisition, development and construction loans
  • Treatment of municipal obligations

VOLCKER RULE

  • Community bank exemption
  • Volcker Rule naming restrictions

ADDITIONAL REGULATORY RELIEF FOR COMMUNITY BANKS

  • Threshold for enhanced prudential standards
  • Stress test requirements
  • Small bank holding companies
  • Short form Call Reports
  • Examination cycles
  • National bank treatment
  • Exception for reciprocal deposits

CHAPTER 2. MORTGAGE LENDING AND CONSUMER CREDIT

  • Introduction

MORTGAGE LENDING

  • Safe harbor for mortgage loans
  • Appraisal requirements for home loans
  • Escrow requirements for consumer transactions
  • Home Mortgage Disclosure Act requirements
  • Credit union mortgage loans
  • Mortgage loan originators
  • Waiting period due to interest rate reductions

CONSUMER CREDIT

  • National security freeze requirements
  • GAO report on consumer reporting agencies
  • Credit score competition
  • Reducing identity fraud
  • Additional protections for servicemembers, veterans
  • Protections for student borrowers
  • Disclosure of financial exploitation of senior citizens

OTHER REAL ESTATE-RELATED PROVISIONS

  • Protecting tenants at foreclosure
  • Family self-sufficiency program
  • Small public housing agencies
  • Remediating lead and asbestos
  • Clean-energy financing

CHAPTER 3. SECURITIES PROVISIONS

  • Introduction
  • Exchange listing standards
  • Capital formation
  • Investment companies and advisers
  • Exemption for compensatory benefit plans
  • Technology—algorithmic trading and cybersecurity
  • Crediting future fee assessments
  • Economic Growth, Regulatory Relief, and Consumer Protection Act

CHAPTER 4. MISCELLANEOUS PROVISIONS

  • Introduction
  • Federal Reserve surplus funds
  • NCUA budget transparency
  • International insurance capital standards accountability
  • Application of Expedited Funds Availability Act to Guam and Mariana Islands
  • Identification for online applications
Volumes