Election 2020

Six more credit union-backed candidates progress to general election

09/03/20

Victories in Massachusetts earlier this week bring the Credit Union Legislative Action Council to a 96% success rate backing races in this election cycle.

[more]

Credit unions join banks in push to give workers time off to vote

09/02/20

The move is part of the effort by lenders and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ballots.

[more]

Banks join push to give workers time off to vote

09/02/20

The move is part of the effort by banks and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ballots.

[more]

Banking super PAC moves closer to announcing Senate endorsements

08/28/20

Friends of Traditional Banking is focusing on four GOP senators in tight races as it prepares to endorse two incumbents for the November elections.

[more]

Divisions in mortgage industry emerge ahead of 2020 election

08/27/20

Political donations from the sector and interviews with industry experts highlight a wide range of views on affordable housing resources, the appropriate level of regulatory relief and how policymakers should enforce fair housing rules.

[more]

GSE, fair-lending policies could look radically different if Biden wins

08/24/20

If Trump is reelected, his administration would likely move forward with privatizing Fannie Mae and Freddie Mac and relaxing key rules, while a Joe Biden presidency would likely try to expand homeownership access and borrower protections.

[more]

Would McWilliams stay on at FDIC if Biden wins?

08/18/20

Jelena McWilliams's term as FDIC chair expires in 2023, and she cannot be removed by an incoming president. But if Joe Biden prevails, he may ask her to stay — and if she does, governing a Democratic-majority board would be a very different proposition.

[more]

Kamala Harris pursued banks without earning industry-bashing reputation

08/18/20

Democrats on Wall Street welcomed Joe Biden's choice of running mate Kamala Harris as a sign that party progressives who favor more aggressive bank regulation had been kept at bay. But her track record in the Senate and in state government might give the financial industry pause.

[more]

What Trump’s reelection would mean for banks

08/11/20

A second-term Trump administration would likely continue its deregulatory efforts, focus on Fannie Mae and Freddie Mac's exit from conservatorship, and seek to facilitate fintech participation in the banking system.

[more]

Big choices about who will lead financial regulators after 2020 election

08/07/20

Whoever wins the White House in November may have immediate agency openings to fill, while a key decision looms about who will run the Federal Reserve after Jerome Powell’s term expires in 2022.

[more]