Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Dodd-Frank: Title VI - Improvements to Regulation of Bank and Savings Association Holding Companies and Depository Institutions

Read a random definition: Sovereign immunity

A quick definition of Dodd-Frank: Title VI - Improvements to Regulation of Bank and Savings Association Holding Companies and Depository Institutions:

Title VI of the Dodd-Frank Act is a set of rules that aim to make sure banks and other financial institutions don't harm the US economy. It requires these institutions to disclose any risks they pose to the economy, and makes sure they have enough money and good management before they can do certain things. It also includes the "Volcker Rule," which stops banks from making risky trades with their own money. There are other rules too, like limits on how much money banks can lend to certain people or companies. The goal of Title VI is to make sure banks and other financial institutions are safe and don't cause problems for the US economy.

A more thorough explanation:

Title VI of the Dodd-Frank Act is a law that aims to regulate and supervise bank holding companies, savings association holding companies, and depository institutions to prevent them from posing a threat to the financial stability of the United States. It includes several provisions that require these institutions to be well capitalized and well managed, and it introduces the "Volcker Rule," which prohibits banking entities from engaging in proprietary trading.

  • Examination Improvements: Title VI requires bank holding companies and savings and loan holding companies to inform the Federal Reserve of any financial, operational, or other risks they may pose to the United States' financial stability during examinations.
  • Mergers & Acquisitions: Title VI requires the Federal Reserve to consider whether a proposed acquisition of a bank, a merger, or consolidation would result in greater or more concentrated risks to the stability of the United States banking or financial system.
  • Volcker Rule: Title VI prohibits banking entities from engaging in proprietary trading, or from acquiring or retaining any equity, partnership, or other ownership interest in or sponsorship of a hedge fund or a private equity fund.

These examples illustrate how Title VI aims to regulate and supervise bank holding companies, savings association holding companies, and depository institutions to prevent them from posing a threat to the financial stability of the United States. By requiring these institutions to be well capitalized and well managed, and by prohibiting them from engaging in certain activities, Title VI aims to protect the financial system from potential risks.

Dodd-Frank: Title V - Insurance | Dodd-Frank: Title VII - Wall Street Transparency and Accountability

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
All good points
triplethread
11:34
@TheAdoptedOne: amazing
I almost did one for Vanderbilt and my idea was to do a documentary-style vid where I and others talked about me like it was an ESPN 30 for 30.
1a2b3c4d26z
11:36
I was risky in maybe one or two of my essays in that some parts read as slightly humorous, but I really tried to suss out the vibe for each school. I feel like Berk and UMich may be more accommodating of a more "out there" approach than other schools I applied to
1a2b3c4d26z
11:37
but that's literally just going off vibes
it looks like Berk vid is in response to a known prompt. My thinking is it may be a counter to AI by getting people to have to respond to what is essentially an essay prompt but on video
"I think really it’s more the USNWR change that emphasizes employment outcomes in school rankings. Schools want to admit people who have the skills to be more likely to land great jobs even more than before, and being a good interviewer is a very important for that. They want to see you have the soft skills." from a reddit comment
1a2b3c4d26z
11:38
One funny thing when talking to lawyers at work is that they will always say how they wish more law schools had interviews to make sure you can like... talk to people and form sentences
getting lunch no one say anything funny or do anything cool for 15 mins
triplethread
11:43
my dick fell off
Trump dropped out of the race
LSD+ is ad-free, with DMs, discounts, case briefs & more.