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Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

FDIC Approves of Final Rules Regarding Large Bank Stress Tests

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The Federal Deposit Insurance Corporation (FDIC) has announced publication of its final rule regarding company-run stress testing required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The rule applies to covered institutions with total consolidated assets greater than $10 billion. The final rule implements section 165(i)(2)(A) of the Dodd-Frank Act, which requires all financial companies with total consolidated assets of more than $10 billion that are regulated by a primary federal financial regulatory agency to conduct an annual company-run stress test.Click to continue

FDIC to Host Roundtable Discussion on Implementation of Dodd-Frank Act

As part of the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Federal Deposit Insurance Corporation (FDIC) will host a second in a series of roundtable discussions with external parties. The discussion will focus on the new deposit insurance assessment authority and take place on Friday, Sept. 24, 2010, from 10:00 a.m.-noon.Click to continue

Rep. Kanjorski hails House passage of Wall Street Reform Bill

Rep. Paul Kanjorski

Rep. Paul E. Kanjorski (D-PA), chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, voted for HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which passed in the House by a vote of 237-192. Rep.Click to continue