Finance, investment and tax-related legislation

California fines title lender, says its pricing violated state law


The Department of Business Oversight said TitleMax charged consumers fees to push loan amounts above the threshold at which the state's rate cap applies.


FDIC chief pitches brokered deposit rewrite, urges Congress to do more


Chairman Jelena McWilliams previewed a proposal to update the agency’s definition of brokered funds, but also suggested steps lawmakers could take to improve the rule’s underlying statute.


House Democrats spar over rate cap bill


Moderates on the Financial Services Committee are attempting to block legislation that would extend the 36% interest rate cap on loans to military personnel to all consumers.


In partisan D.C., House banking panel flips the script


Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.


Kansas credit unions prevail in latest state-level tax fight


A special committee in the state Senate has recommended not to move forward on a proposed bill to tax credit unions above a certain asset threshold.


Vaping deaths could slow pot banking momentum


The Senate Banking Committee chairman said he wants to revise legislation enabling banks to serve marijuana businesses to ensure it does not benefit vaping providers that have sparked safety concerns.


Senate pot banking bill may add weapon to fight money launderers


As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.


House passes cannabis banking bill, but Senate battle looms


The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.


How serious is Crapo about getting pot banking bill across finish line?


The Banking Committee chairman's comments have advanced legislative efforts, but questions remain about where he'll take the issue.


House passes five bipartisan financial services bills


The legislation takes aim at third-party bank service vendors, the backlog of FHA appraisals, rural housing assistance and other issues where there is broad agreement.