rssAmendment Allows Small Banks to Choose Their Regulator
Wednesday, May 12, 2010 at 5:05 pm
- 6 Comments
Earlier today, the Senate also approved — by an overwhelming 90 to 9 margin — a bipartisan amendment allowing the Federal Reserve to continue to supervise state-chartered banks and banks with less than $50 billion in assets. Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill initially transferred supervisory authority to the Federal Deposit Insurance Corporation.
Dodd was one of nine senators — eight Democrats plus Sen. Bernie Sanders (I-Vt.), who caucuses with the Democrats — who opposed the amendment on the grounds that it produced regulatory overlaps and introduced the opportunity for regulatory arbitrage. State-chartered and small banks under the new language can choose whether to be overseen by the Fed or the FDIC.
Follow Annie Lowrey on Twitter
6 Comments
Pingback posted May 12, 2010 @ 5:32 pm
[...] View full post on The Washington Independent [...]
Pingback posted May 12, 2010 @ 6:34 pm
[...] Amendment Allows Small Banks to Choose Their Regulator « The … AdFreak: Non-human fathers also choose McDonald'sHow To Choose The Best Electric Company To Provide Your NeedsJobs & Business | How to Choose the Right Accounting System ProviderHow to Choose Broadband Internet Access via DSL or CableThis Beautiful Thing: Wishful Wednesday – RegretVideo Premiere: Danko Jones, 'Full Of Regret' With Elijah Wood …I Regret Helping Him | Love Confessions & SecretsFull Of Regret video finally here | Danko Jones – Official WebsiteDanko Jones | 'Full Of Regret' | Heavy Metal Music NewsChevy Volt and Google, a Match Made In Heaven? : Gas 2.0 View the Contact Powered by Video [...]
Pingback posted May 12, 2010 @ 8:09 pm
[...] Amendment Allows Small Banks to Choose Their Regulator « The … [...]
Pingback posted May 27, 2010 @ 12:23 pm
[...] Amendment Allows Small Banks to Choose Their Regulator « The Washington Independent [...]
Comment posted June 3, 2010 @ 7:42 am
Thanks for your information.
women air max uk
discount air max 95
nike air max uk
discount air max classic bw
cheap nike air max ltd
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
