Ex-Sens. Heidi Heitkamp, D-N.D., and Joe Donnelly, D-Ind., played key roles in negotiating the 2018 regulatory relief bill, but then went on to lose their re-election bids in the midterm elections.
In the face of tough questioning from House members, CFPB Director Kathy Kraninger appeared mostly unfazed and tried to strike a balance between heeding concerns about the agency’s power and supporting its mission to help consumers.
The New York congresswoman, who sits on the House Financial Services Committee, said the panel wants to make banks "accountable for investing in and making money off of the detention of immigrants."
Readers weigh in on calls that regulators consider the financial risks from climate change, respond to Trump administration plans to overhaul the housing finance system, consider GOP strategy on the House Financial Services Committee and more.
The leaders of the biggest U.S. banks are likely to be summoned to face questions from the Financial Services Committee, an early sign that the financial industry will endure tougher scrutiny under a Democratic-controlled House.
Readers react to Sen. Elizabeth Warren's investigation into former acting Consumer Financial Protection Bureau Director Mick Mulvaney's job talks, weigh Rep. Alexandria Ocasio-Cortez's potential impact on the Financial Services Committee, consider the future of cryptocurrency and more.
The new chair of the House Financial Services Committee has an ambitious set of priorities, but newly elected progressives could set up a conflict with more moderate Democrats on the panel.
