Director of the Consumer Financial Protection Bureau
Review the scope and authority of Dodd-Frank legislation.
Meet
with the major bank executives that wrote Dodd-Frank and determine the
detailed regulations to be written according to the scope and authority
of that legislation. Initiate fast track procedures to streamline the
bank merger process.
Assign categories to various bank executives
to write the detailed regulations based upon that scope and authority.
Schedule manage the submittals.
Review the regulation drafts
with the executives of the large banks and forward the draft to the fund
raiser bundlers for comment and approval.
Incorporate the fund raiser bundler’s comments and review the their requirements with the large bank executives.
Determine the scope of the regulations to assess the costs of the implementation of regulations by the big banks.
Determine the minimum assets an institution would have to have to
successfully survive the regulations. Supply data to fund raiser
bundlers.
Determine fine amounts for non-compliance. Set up fine collection procedures and time limits for fee collections.
Set
up audit procedures and schedules for all banking institutions below
the survival level of implementation of the new regulations.
Remove any remaining obstacles to the bank merge processes.
Continuously review and address changes to the regulations to maximize the return through the fund raising bundlers.
And additional duties as required by The President of the United States.
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