Articles by Lisa Lambert

Trump to Order Review of Dodd-Frank Reforms, Taxes for Insurers, Banks

President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. A White House official said on Thursday that Trump …

Appeals Court to Rehear Constitutionality of Consumer Protection Bureau Structure

A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau’s structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Court. A …

House Republicans Pass Sweeping Regulatory Reform Bill

Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U.S. agencies take in creating and applying new rules, continuing their blitz to radically reform “abusive” federal regulation of areas from the environment …

Dozens of Obama Administration Financial Rules that Republicans May Kill

In recent days Republican Congressional leaders have taken several opportunities to warn Obama Administration regulators not to finish any more rulemakings, but some agency heads, such as U.S. Securities and Exchange Commission Chair Mary Jo White, say they are proceeding …

Outgoing Treasury Secretary Lew Sticks Up for Financial Stability Council

U.S. Treasury Secretary Jack Lew on Wednesday offered a heartfelt defense of the Financial Stability Oversight Council made up of the heads of the major regulatory agencies, which is often criticized by Republicans and could be under threat next year. …

Rep. Hensarling’s Plan Could Be Blueprint for Trump Revamping of Dodd-Frank

When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party’s nominee, Donald Trump, could …

MetLife, U.S. Renew Court Battle Over ‘Too Big to Fail’

The U.S. government and the country’s largest life insurer are set for a rematch in a U.S. appeals court on Monday over how federal regulators decide a company is “too big to fail,” one of the most significant reforms to …

Battle Against Forced Arbitration in Financial Contracts Could Take Years

A U.S. agency’s plans to ban forced arbitration clauses from financial contracts faces a tough road, with early reaction pointing to a years-long battle that could take a Supreme Court test to settle. Thousands of angry consumers and business representatives …

Critics Say SEC’s Reforms of In-House Trials Fall Short

The top U.S. securities regulator on Wednesday will try to answer complaints it stacks the deck against defendants at in-house trials by approving its first major revisions to the administrative proceedings in two decades. But the changes by the Securities …

Authors, Backers of Dodd-Frank Criticize Court for Cutting MetLife ‘Too-Big-To-Fail’ Tag

A federal court’s striking down of the government’s designation of insurer MetLife Inc as “too-big-to-fail” could undermine efforts to head off another financial crisis, authors of the landmark Dodd-Frank Wall Street reform law said. In a brief filed on Thursday …