CD174: Bank Lobbyist Act

The Bank Lobbyist Act was just signed into law and as the nickname suggests, it is a banker’s wet dream. In this episode, learn the details of this new law including the many favors to banks big and small - which undoubtedly make our entire financial system riskier - along with a few good provisions that can help you protect your identity and maybe even increase your credit score. Joe Briney joins Jen for the thank you’s.

 

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Recommended Congressional Dish Episodes

• CD099: April Takes a Turn

• CD160: Equifax Breach

• CD161: Veterans Choice Program

• CD129: The Impeachment of John Koskinen

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Recommended Reading

• Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud by David Dayen

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Additional Reading

• Article: Investors throwing caution to the wind when shopping for CLOs by Glen Fest, Asset Securitization Report, May 24, 2018.

• Report: The finance 202: Banks give richly to three Senate Democrats who backed deregulation by Tory Newmyer, The Washington Post, May 23, 2018.

• Article: Insurers welcome global regulation provision in banking reform bill by Andrew G. Simpson, Insurance Journal, May 23, 2018.

• Report: House passes Dodd-Frank reform bill, approval now pending from President Trump by Caroline Basile, Housing Wire, May 22, 2018.

• Report: Reg relief bill S. 2155 passes House; monumental win for credit unions by CUNA, CUInsight, May 22, 2018.

• Report: Dodd Frank rollback passes house, moves to President's desk for signature to become law by JD Alois, Crowdfund Insider, May 22, 2018.

• Letter: Oppose S. 2155, the "Economic Growth, Regulatory Relief and Consumer Protection Act" by Vanita Gupta, President & CEO of The Leadership Conference, CivilRights.org, May 21, 2018.

• Article: Bill aimed at saving community banks is already killing them by David Dayen, The Intercept, May 16, 2018.

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