Has Dodd Frank Affected Bank Expenses

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Has Dodd-Frank Affected Bank Expenses?

Author : Thomas L. Hogan
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Has Dodd-Frank Affected Bank Expenses? by : Thomas L. Hogan

Download or read book Has Dodd-Frank Affected Bank Expenses? written by Thomas L. Hogan and published by . This book was released on 2019 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the potential effects of the Dodd-Frank Act of 2010 on banks' noninterest expenses. Using data on U.S. bank holding companies from 1995 through 2016, we test whether noninterest expenses increase following the passage of the Dodd-Frank Act or in relation to the number of banking regulations implemented after Dodd-Frank. We analyze subsamples of banks above and below $10 billion in total assets and consider total noninterest expenses, salaries, non-salary expenses, and specific subcategories of non-salary expenses: legal, consulting, auditing, and data processing. Non-salary expenses for both large and small banks show a one-time increase after Dodd-Frank, while salary expenses tend to increase with regulations. The results indicate that total noninterest expenses for the banking system are higher on average by more than $50 billion per year compared to before the Dodd-Frank Act.

Costs of Compliance with the Dodd-Frank Act

Author : Thomas L. Hogan
Publisher :
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Costs of Compliance with the Dodd-Frank Act by : Thomas L. Hogan

Download or read book Costs of Compliance with the Dodd-Frank Act written by Thomas L. Hogan and published by . This book was released on 2019 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dodd-Frank Act of 2010 roughly doubled the number of regulations applied to U.S. banks. In a recent paper, my coauthor Scott Burns and I estimate the effects of the Dodd-Frank Act on U.S. bank expenses. This brief summarizes three key findings of that study: (1) Banks' total noninterest expenses increased by an average of more than $50 billion per year after the passage of Dodd-Frank. (2) Increases occurred both in salary expenses from hiring new workers and in non-salary expenses such as auditing, consulting, and legal fees. (3) Smaller banks were disproportionately affected by larger increases in salary and non-salary expenses.

The Effects of the Dodd-Frank Act

Author : Saidah Rolle
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (774 download)

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Book Synopsis The Effects of the Dodd-Frank Act by : Saidah Rolle

Download or read book The Effects of the Dodd-Frank Act written by Saidah Rolle and published by . This book was released on 2011 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dodd-Frank Act is the most recent Act signed for the purpose of reestablishing the U.S. economy. This Act has impacted both the financial industry as well as the consumer. Research was performed along with a detailed analysis of the Act to determine how consumers were affected, how the financial industry was affected and what protections it provided to whistleblowers. It was determined that consumers and the financial industry were both affected. However, the affect was not the same. After the Dodd-Frank Act passed, most banks needed to increase training and reorganize the fee structure and assessment process which impacted the bank's revenue. Consumers were provided more options including having the option to choose how fees were assessed on personal accounts. It was also determined that whistleblowers were afforded more rights. In addition they also became eligible for monetary rewards. It is evident that this Act was necessary for the consumers. Further research in the form of surveys should be conducted on consumers and individuals working in the financial industry to determine the lasting effect of the Act. These surveys should be completed 5 years after the Dodd Frank-Act has been in effect.

Regulating Wall Street

Author : New York University Stern School of Business
Publisher : John Wiley & Sons
ISBN 13 : 0470949864
Total Pages : 592 pages
Book Rating : 4.4/5 (79 download)

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Book Synopsis Regulating Wall Street by : New York University Stern School of Business

Download or read book Regulating Wall Street written by New York University Stern School of Business and published by John Wiley & Sons. This book was released on 2010-10-28 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economy The NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, and provocative thinkers who call it home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive group of the Stern school’s top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the strengths and weaknesses of new regulations in response to the recent global financial crisis. Summarizes key issues that regulatory reform should address Evaluates the key components of regulatory reform Provides analysis of how the reforms will affect financial firms and markets, as well as the real economy The U.S. Congress is on track to complete the most significant changes in financial regulation since the 1930s. Regulating Wall Street: The New Architecture of Global Finance discusses the impact these news laws will have on the U.S. and global financial architecture.

Impact of the Dodd-Frank Wall Street Reform and Consumer Protection on Bank of America

Author : Nicole Tode
Publisher : GRIN Verlag
ISBN 13 : 3656293791
Total Pages : 10 pages
Book Rating : 4.6/5 (562 download)

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Book Synopsis Impact of the Dodd-Frank Wall Street Reform and Consumer Protection on Bank of America by : Nicole Tode

Download or read book Impact of the Dodd-Frank Wall Street Reform and Consumer Protection on Bank of America written by Nicole Tode and published by GRIN Verlag. This book was released on 2012-10-19 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2010 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, San Diego State University, language: English, abstract: 1. Bank of America presentation and major activities, 2. Choice of four factors and explanation, 3. Possible impacts on Bank of America due to the regulatory changes, 4. References.

How Has the Passage of the Dodd-Frank Act Affected Performances of Small and Medium Size Banks? An Empirical Analysis of Increasing Regulatory Stringency

Download How Has the Passage of the Dodd-Frank Act Affected Performances of Small and Medium Size Banks? An Empirical Analysis of Increasing Regulatory Stringency PDF Online Free

Author : Rongpeng Yang
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (15 download)

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Book Synopsis How Has the Passage of the Dodd-Frank Act Affected Performances of Small and Medium Size Banks? An Empirical Analysis of Increasing Regulatory Stringency by : Rongpeng Yang

Download or read book How Has the Passage of the Dodd-Frank Act Affected Performances of Small and Medium Size Banks? An Empirical Analysis of Increasing Regulatory Stringency written by Rongpeng Yang and published by . This book was released on 2018 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law as a policy response to the worst financial crisis since the Great Depression. With Dodd-Frank becoming the law, for the past seven years, numerous rules have been made in accordance to the statutory texts of the Act. Given the uniform applicable nature of many rules made following Dodd-Frank, many have realized that for smaller financial institutions, tightened regulations may have negative unintended consequences. This paper investigates the impact of Dodd-Frank on the performance of small- and medium-size banks, using a bank-level panel data from 2006 to 2016. It is anticipated the passage of Dodd-Frank has negatively impacted the performances of smaller banks.

The Federal Reserve System Purposes and Functions

Author : Board of Governors of the Federal Reserve System
Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

The Impact of Dodd-Frank on Community Banks

Author : Tanya D. Marsh
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Impact of Dodd-Frank on Community Banks by : Tanya D. Marsh

Download or read book The Impact of Dodd-Frank on Community Banks written by Tanya D. Marsh and published by . This book was released on 2013 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regulatory framework for financial institutions in the United States, including many provisions of The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), impose significant costs on community banks without providing benefits to consumers or the economy that justify those costs. The stated purpose of Dodd-Frank was to prevent another financial crisis by enhancing consumer protection and ending the era of "too big to fail." However, the application of Dodd-Frank to community banks is misplaced. Community banks did not cause the financial crisis. The relationship-banking business model and market forces protect the customers of community banks without the need for additional regulation. Dodd-Frank builds on decades of "one size fits all" regulation of financial institutions, an ill-conceived regulatory framework that puts community banks at a competitive disadvantage to their larger, more complex competitors. The imposition of regulatory burdens on community banks without attendant benefits ultimately harms both consumers and the economy by: (1) forcing community banks to consolidate or go out of business, furthering the concentration of assets in a small number of mega-financial institutions; and (2) encouraging standardization of financial products, leaving millions of vulnerable borrowers without meaningful access to credit. Neither of these outcomes will protect consumers, the financial system, or the recovery of the American economy.

The Consumer Financial Protection Bureau (Cfpb)

Author : David Carpenter
Publisher : CreateSpace
ISBN 13 : 9781503012165
Total Pages : 32 pages
Book Rating : 4.0/5 (121 download)

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Book Synopsis The Consumer Financial Protection Bureau (Cfpb) by : David Carpenter

Download or read book The Consumer Financial Protection Bureau (Cfpb) written by David Carpenter and published by CreateSpace. This book was released on 2014-10-31 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Title X of the Dodd-Frank Act is entitled the Consumer Financial Protection Act of 2010 (CFP Act). The CFP Act establishes the Bureau of Consumer Financial Protection (CFPB or Bureau) within the Federal Reserve System (FRS) with rule making, enforcement, and supervisory powers over many consumer financial products and services, as well as the entities that sell them. The CFP Act significantly enhances federal consumer protection regulatory authority over non depository financial institutions, potentially subjecting them to comparable supervisory, examination, and enforcement standards that have been applicable to depository institutions in the past.

Dodd-Frank's Federal Deposit Insurance Reform

Author : Kyle Allen
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Dodd-Frank's Federal Deposit Insurance Reform by : Kyle Allen

Download or read book Dodd-Frank's Federal Deposit Insurance Reform written by Kyle Allen and published by . This book was released on 2018 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A seldom discussed part of the 2010 Dodd-Frank Act (DFA) is how the deposit insurance assessment alteration impacted different types of banks. We provide details of the reform and investigate the effects on the banking industry. The DFA called for an expansion of the assessment base used to determine deposit insurance fees, along with a simultaneous reduction in assessment rates, so as to not raise additional fees paid. This reform did not affect all banks the same as a result of very different business models. The reform was aimed to benefit community banks at the expense of non-community banks. We estimate that community banks in the aggregate benefited by more than $3.7 billion in deposit insurance fee reductions since the reform's implementation in 2011. While non-community banks initially experienced increased fees, offsetting the benefits to community banks, we find evidence that non-community banks in the aggregate adjusted their funding behavior so that all but the largest banks also enjoyed benefits from the reform during our sample period.

Perspectives on Dodd-Frank and Finance

Author : Paul H. Schultz
Publisher : MIT Press
ISBN 13 : 0262325934
Total Pages : 261 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Perspectives on Dodd-Frank and Finance by : Paul H. Schultz

Download or read book Perspectives on Dodd-Frank and Finance written by Paul H. Schultz and published by MIT Press. This book was released on 2014-10-10 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts debate the possible consequences of the Dodd–Frank Act, discussing such topics as banking regulation, derivatives, the Volcker rule, and mortgage reform. The Dodd–Frank Wall Street Reform and Consumer Protection Act, passed by Congress in 2010 largely in response to the financial crisis, created the Financial Stability Oversight Council and the Consumer Financial Protection Bureau; among other provisions, it limits proprietary trading by banks, changes the way swaps are traded, and curtails the use of credit ratings. The effects of Dodd–Frank remain a matter for speculation; more than half of the regulatory rulemaking called for in the bill has yet to be completed. In this book, experts on Dodd–Frank and financial regulation—academics, regulators, and practitioners—discuss the ways that the law is likely to succeed and the ways it is likely to come up short. Placing their discussion in the broader context of regulatory issues, the contributors consider banking reform; the regulation of derivatives; the Volcker Rule, and whether or not banks should be forced to stop proprietary trading; the establishment of the Consumer Financial Protection Bureau, and possible flaws in its conception; the law and “too-big-to-fail” institutions; mortgage reform, including qualification requirements and securitization; and new disclosure requirements regarding CEO compensation and conflict minerals. Contributors James R. Barth, Jeff Bloch, Mark A. Calabria, Charles W. Calomiris, Shane Corwin, Cem Demiroglu, John Dearie, Amy K. Edwards, Raymond P. H. Fishe, Priyank Gandhi, Thomas M. Hoenig, Christopher M. James, Anil K Kashyap, Robert McDonald, James Overdahl, Craig Pirrong, Matthew Richardson, Paul H. Schultz, David Skeel, Chester Spatt, Anjan Thakor, John Walsh, Lawrence J. White, Arthur Wilmarth, Todd J. Zywicki

Has Dodd-Frank Ended Too Big to Fail?

Author : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Has Dodd-Frank Ended Too Big to Fail? by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs

Download or read book Has Dodd-Frank Ended Too Big to Fail? written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs and published by . This book was released on 2011 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dodd-Frank

Author : Hester Peirce
Publisher :
ISBN 13 : 9780983607779
Total Pages : 232 pages
Book Rating : 4.6/5 (77 download)

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Book Synopsis Dodd-Frank by : Hester Peirce

Download or read book Dodd-Frank written by Hester Peirce and published by . This book was released on 2013-01-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 360,000 words in length, the Dodd-Frank Wall Street Reform and Consumer Protection Act is the longest and most complex piece of financial legislation in American history. The nature and magnitude of its effects, both intended and unintended, will become clearer as regulators exercise the broad discretion given to them under the law. In this new book, the contributors ask whether the law is an effective response to the financial crisis that so deeply rattled our nation. Taking a hard look at the law's celebrated objectives, they reveal that it not only fails to achieve many of its stated goals, it also creates dangerous regulatory pathologies that could lay the groundwork for the next crisis.

Crisis and Response

Author : Federal Deposit Insurance Corporation
Publisher :
ISBN 13 : 9780966180817
Total Pages : pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Crisis and Response by : Federal Deposit Insurance Corporation

Download or read book Crisis and Response written by Federal Deposit Insurance Corporation and published by . This book was released on 2018-03-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Crisis and Response: An FDIC History, 2008¿2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises¿first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC¿s response, contributes to an understanding of what occurred, and shares lessons from the agency¿s experience.

Stochastic Optimal Control and the U.S. Financial Debt Crisis

Author : Jerome L. Stein
Publisher : Springer Science & Business Media
ISBN 13 : 1461430798
Total Pages : 167 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Stochastic Optimal Control and the U.S. Financial Debt Crisis by : Jerome L. Stein

Download or read book Stochastic Optimal Control and the U.S. Financial Debt Crisis written by Jerome L. Stein and published by Springer Science & Business Media. This book was released on 2012-03-30 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic Optimal Control (SOC)—a mathematical theory concerned with minimizing a cost (or maximizing a payout) pertaining to a controlled dynamic process under uncertainty—has proven incredibly helpful to understanding and predicting debt crises and evaluating proposed financial regulation and risk management. Stochastic Optimal Control and the U.S. Financial Debt Crisis analyzes SOC in relation to the 2008 U.S. financial crisis, and offers a detailed framework depicting why such a methodology is best suited for reducing financial risk and addressing key regulatory issues. Topics discussed include the inadequacies of the current approaches underlying financial regulations, the use of SOC to explain debt crises and superiority over existing approaches to regulation, and the domestic and international applications of SOC to financial crises. Principles in this book will appeal to economists, mathematicians, and researchers interested in the U.S. financial debt crisis and optimal risk management.

The Effect of Dodd-Frank on Small Financial Institutions and Small Businesses

Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Effect of Dodd-Frank on Small Financial Institutions and Small Businesses by : United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit

Download or read book The Effect of Dodd-Frank on Small Financial Institutions and Small Businesses written by United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit and published by . This book was released on 2011 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dodd-Frank and the Future of Banking

Author : Gregory Burns
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (855 download)

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Book Synopsis Dodd-Frank and the Future of Banking by : Gregory Burns

Download or read book Dodd-Frank and the Future of Banking written by Gregory Burns and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The financial crisis of 2008-2009 set the globally economy into a free-fall, requiring massive government intervention in order to prevent the entire system from crashing down. The Dodd-Frank Act, the largest financial reform since the Great Depression, attempts to move the financial system towards a more stable foundation. Part 1 discusses the causes of the financial crisis and an overview of the Dodd-Frank Act. In part 2 explores the reform in the over-the-counter derivatives market with a focus on the impact to market participants, the impact on the systemic risk of the financial system, as well as the overall U.S. economy. Part 3 analyzes the remittance transfer rule, which also carries the theme of transparency within the cross-border payments space. However, the requirements of the rule will likely result in increased costs and/or decreased choice for U.S. consumers sending money abroad. In general, the Act does move the financial system towards a more stable foundation in some areas. It does not however fully address the drivers of the financial crisis, end "Too Big To Fail", or prevent another crisis from happening again. Along the way it creates some unintended consequences that may hamper the economic recovery.