Election 2020

Biden win gives Maxine Waters a power boost

12/10/20

The head of the House Financial Services Committee is already exerting influence by handing the president-elect a laundry list of Trump regulatory policies that she wants the incoming administration to reverse.

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Ag lenders fear reduced government aid for farmers in 2021

12/10/20

The Biden administration could curtail federal support for farmers, even with bankruptcies and requests for loan workouts on the rise. Banks are hoping that increases in crop prices and exports to China could help avert a credit crisis.

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Waters calls on Biden to reverse Trump's deregulatory actions

12/07/20

House Financial Services Committee Chairwoman Maxine Waters urged the incoming administration to overhaul policies on payday lending and the Community Reinvestment Act and make personnel changes at two agencies.

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In Georgia Senate runoffs, banks go all in for Republicans

12/06/20

Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates.

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GOP readies counterpunch if Biden removes CFPB chief

11/23/20

The president-elect has legal backing to fire Director Kathy Kraninger thanks to a recent court ruling, but Republicans are prepared to challenge his ability to choose her successor.

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Trump’s 11th-hour pick to run OCC complicates Biden regulatory agenda

11/19/20

If Congress speeds through Brian Brooks’ confirmation in the waning days of the Trump administration, it could make it harder for President-elect Biden to quickly put his stamp on banking policy.

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The Senate may not flip but Banking Committee is poised for shake-up

11/16/20

If the GOP can hold its majority in the chamber, Sen. Pat Toomey, R-Pa., will likely become the panel's chairman. His ardent support for free-market principles could set up partisan clashes with Democrats over pandemic relief, money laundering rules and more.

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Gensler, Bharara are candidates to run SEC, putting Wall Street on edge

11/13/20

Joe Biden's presidential transition has barely started but already banks and investment firms are anxious about two names they fear are in the running to lead the Securities and Exchange Commission: Gary Gensler and Preet Bharara.

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FDIC's McWilliams vows to finish her term

11/12/20

The head of the agency told a congressional panel that the agency is taking steps to prepare for the incoming Biden administration and that she plans to serve until her tenure ends in 2023.

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Political speech at the office ‘may get worse’ post-election

11/12/20

A contentious presidential contest and social justice protests have forced employers to consider whether these types of topics should be discussed in the workplace.

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