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Dodd-Frank: Title VI - Improvements to Regulation of Bank and Savings Association Holding Companies and Depository Institutions

 

INTRODUCTION: 

Title VI provides for heightened regulation of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and depository institutions to ensure that these institutions do not threaten the United States’ financial stability.

Dodd-Frank: Title III - Transfer of Powers to the Comptroller of the Currency, the Corporation, and the Board of Governors

 

INTRODUCTION:

Title III streamlines the supervision of depository institutions and their holding companies by abolishing the Office of Thrift Supervision (OTS) and transferring its regulatory and rulemaking authority to the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and

Dodd-Frank: Title XIV - Mortgage Reform and Anti-Predatory Lending Act

Purpose:  

The 2008 economic depression was triggered in part by the real estate bubble bursting.  Mortgages became extremely easy to obtain, and many of those mortgages had predatory provisions that made it difficult for borrowers to pay off the mortgages in the event that their real estate value decreased.

Dodd-Frank: Title VIII - Payment, Clearing, and Settlement Supervision

INTRODUCTION:

            Title VIII provides a new framework for assessing the systemic risk associated with financial institutions and financial market utilities involved in clearing activities for financial transactions.  The Title grants authority to the Board of Governors of the Federal Reserve System (Board of Governors), U.S.

Dodd-Frank: Title II - Orderly Liquidation Authority

Introduction:

    Title II, the Orderly Liquidation provision of the Dodd-Frank Act, provides a process to quickly and efficiently liquidate a large, complex financial company that is close to failing.  Title II provides an alternative to bankruptcy, in which the Federal Deposit Insurance Corporation (FDIC) is appointed as a receiver to carry out the liquidation and wind-up of the company.

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