Under Dodd-Frank,UDAAP(or unfair, deceptive or abusive acts or practices) by those who offer financial products and services to customers are illegal. This is also covered under Section 5 of the Federal Trade Commission Act (where it is referred to as UDAP, or Unfair or Deceptive Acts or P...
many strident voices blamed the crisis on lack of regulation. The result was to burden an already-regulated industry with a new load of regulation imposed by Dodd-Frank, in 2010. And now in the wake of SVB, strident voices are already saying that current regulation is insufficient, that it...
As such, there is little to any incentive to stay in the home, so borrowers increasingly defaulted on their loans or walked away. Some by choice, and others because they could never afford the true terms of the loan, only the introductory teaser rates that were offered to get them in the...
Arbitrageurs are therefore, an important part of the derivative markets as they ensure that therelationships between certain assetsare kept in check. Margin traders:In finance terms,marginis the collateral deposited by an investor with their broker or the exchange in order to borrow money to leverag...
This is legal by the Dodd-Frank Act, but there is some fine print: The credit card minimum purchase amount can be no more than $10. The minimum must apply to all cards. You can't say there's a $10 minimum for Amex, but nothing for Visa. You cannot set a minimum purchase on ...
Our fortress balance sheet is stronger than ever. We have an enormous amount of what we consider highly liquid assets First and foremost are the High Quality Liquid Assets (HQLA), shown in the chart below, which are mostly deposits at central banks, agency mortgage-backed secur...
The reason why the banksters’ “Federal” Reserve is desperately manipulating the markets, and I suspect, has gotten its cronies to join it, is to avoid fundamental reforms. They previously evaded any reform with the fake reforms in the Dodd-Frank Act, which really created poison pills to ...
“Frank is a business leader, with a tremendous track record of transforming large corporations,” Trump said in apost on Truth Social. “He will be responsible to deliver on the Agency’s commitment to the American People for generations to come!” ...
Insider Trading: When Is It Legal? The idea of "legal insider trading" is a bit of a misnomer. As Fagel, the former SEC regional director, told us, "There is no such thing as 'legal insider trading.' If one engages in insider trading (i.e., someone with a legal duty trading on ...
this doesn't mean ... you'll always get to a no-penalty resolution or a declination. That's because all of this is highly fact-dependent." As in regular criminal cases, your cooperation with the SEC may be unneeded—they have all the evidence they need—or what you...