Congressional Review Act

As Democrats urge pause in bank rules, GOP says hurry up

05/27/20

The congressional showdown over the pace of rulemaking during the pandemic is a hardening of older positions on banking policy ahead of the 2020 elections, observers said.

[more]

Regulators' powerful incentive to fast-track CRA reform

01/06/20

The prospects of a potential Democratic sweep of the 2020 elections could spur regulators to quickly finalize changes to the Community Reinvestment Act.

[more]

GAO finds Obama-era Fed guidance should have been issued as rules

10/23/19

The Government Accountability Office determined that three Obama-era letters from the central bank related to large-bank supervision should have been submitted for congressional review.

[more]

House Dems put spotlight on auto lending discrimination

05/01/19

Democratic lawmakers made clear at a hearing Wednesday that they do not intend to abandon the issue following the GOP's repeal of regulatory guidance last year.

[more]

Will White House memo be a roadblock for reg relief?

04/16/19

The administration’s move seems aimed at cutting down on regulation. But broader reviews by the White House under the Congressional Review Act could hinder rules the industry supports.

[more]

Regulators instructed to clear new rules with White House

04/11/19

The Trump administration directed independent agencies to submit their pending regulations for review by the Office of Information and Regulatory Affairs, a novel procedural hurdle that could slow down policy changes.

[more]

Democrats push bill to end forced arbitration agreements

02/28/19

The effort comes more than a year after Republicans successfully blocked a CFPB rule that would have banned mandatory arbitration clauses in financial contracts.

[more]

Regulators clarify that guidance does not have the force of law

09/11/18

Regulators will continue to issue guidance to articulate general views on appropriate practices, but they will not issue enforcement actions based on violations.

[more]

Trump makes repeal of CFPB auto lending rule official

05/21/18

The CFPB policy was aimed at preventing discriminatory markups on indirect loans made by car dealers, but current acting CFPB Director Mick Mulvaney said the guidance "seemed like a solution in search of a problem."

[more]

The real fight over CFPB's payday rule is just beginning

05/16/18

It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it.

[more]