Dodd-Frank Isn’t the Only Financial Law Trump Should Change
If the true goal of President Trump’s deregulation is to spur economic activity and create jobs, the Trump administration should look further back in history, instead of focusing on recent regulations such as Dodd-Frank. MBAF’s Frank Gonzalez and Adam Ingles explain why in The Hill.
Trust but Verify: Evaluate Financial Restatements Carefully
Misinterpretation of accounting standards or mistakes may cause businesses to reissue their financial statements. But financial restatements also can be a sign of incompetence or fraud. This article explains that lenders need to closely examine financial restatements to accurately evaluate their borrowers’ situations, and looks at the most common reasons for financial restatements.
3 Ways to Minimize Risk When Lending to Seasonal Businesses
Some borrowers, such as landscapers, hotels and toy manufacturers, experience significant seasonal fluctuations in their financial performance. But seasonal businesses still require working capital throughout the year, and often turn to banks for support during the off season. This article discusses three approaches that can help lenders assess and manage the credit risk associated with lending to seasonal businesses.
President Trump Issues Order to Rollback Dodd-Frank
In a move that many are calling “the stuff of banker’s dreams,” the White House intends to “rollback” the regulations imposed on the financial industry under the Dodd-Frank law. Trump’s executive order on the matter directs regulators to develop a plan to scale back Dodd-Frank and limit the reach of the CFPB. But will the repeal or overhaul of Dodd-Frank and possible dismantling of the CFPB prove to be a boon or bust?