Compliance changes proposed by the Fed would likely please banks, but reactions to the plan from past and current policymakers have been wildly different.
More than a dozen lawmakers wrote to the banking agencies Friday, arguing that any regulatory reforms to the Community Reinvestment Act should focus on expanding access to credit.
Montgomery was confirmed by the Senate 74-23 to serve his second stint at the FHA, where he previously was commissioner during the George W. Bush administration.
A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues.
Fed Chair Jerome Powell said Thursday that the central bank's board of governors will take a vote before Wells Fargo is ultimately released from its growth restriction mandate, a decision that had previously been left up to staff.
The House affirmed this week that it would move forward with a vote on a Senate bill overhauling parts of Dodd-Frank, but how far lawmakers push additional relief proposals is still unclear.
Early polling shows that the Massachusetts senator is a strong contender for the White House, setting her up to shape the debate on financial services even if she doesn’t run.
Acting CFPB Director Mick Mulvaney told a group of bankers last week that he intends to end public access to complaints, but Sen. Elizabeth Warren and two other Democrats argue that would be a mistake.
