Eliminating the Orderly Liquidation Authority could really hurt Americans.

American Banker
May 3, 2017

Republican politicians have launched a full-scale attack on the “orderly liquidation authority,” the provision in Title II of the Dodd-Frank Act that empowers the Federal Deposit Insurance Corp. to unwind a failing financial conglomerate in a manner that avoids chaos in the financial system. But the effort to unwind this authority is unfortunate.

In the last couple of weeks, the White House issued an order to review the OLA and the House Financial Services Committee released the Financial Choice Act, a proposed replacement to Dodd-Frank, which calls for the OLA’s elimination…Read More

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