News Topic: finance

Despite the Senate Banking Committee’s willingness to discuss the issue, Republican support for legislation is still in question. ... Read full article

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it. ... Read full article

Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee. ... Read full article

Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset. ... Read full article

The head of the Senate Banking Committee said the panel could examine an industry-supported cannabis banking bill "relatively soon." ... Read full article

The attorney general told lawmakers that exempting states that have legalized marijuana from the federal ban is better than the current system where state and federal laws are in conflict. ... Read full article

The battle lines drawn over federal efforts to restrict bank relationships with politically risky industries used to be clear cut. Not anymore. ... Read full article

The mortgage industry is stepping up its fight against a bill that would raise the Department of Veterans Affairs' mortgage fees to cover medical costs for Vietnam vets. ... Read full article

Lawmakers still have a long way to go before enacting housing finance reform, but the testimony could signal how future legislative talks will play out. ... Read full article

The bill by Sens. Kevin Cramer, R-N.D., and John Kennedy, R-La., would block banks and credit unions with over $10 billion of assets from refusing service to "customers that may not share the same political values." ... Read full article

There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system. ... Read full article

The data breach at Equifax and Facebook's scandals have made data privacy a big issue to state and federal lawmakers. Here's why banks need to be worried. ... Read full article

Banks hoping to make working with the cannabis industry easier saw a positive sign this week when Congress removed the prohibition on a less potent substance. ... Read full article

Fabrice Coles, who was the CBC's executive director, will work on consumer and fintech policy issues at the Bank Policy Institute. ... Read full article

Familiar recriminations and calls for legislation from lawmakers followed the massive hack of the Starwood hotel chain, but will Capitol Hill actually do anything? ... Read full article

The House Financial Services Committee chairman said "so far, the United States Senate has done nothing on a bill that passed" the House with over 400 votes. ... Read full article

Rep. Kyrsten Sinema, D-Ariz., crafted a moderate message and will head to the Senate after having backed legislation providing banks with regulatory relief. ... Read full article

Tester is the only Democratic supporter of the recent regulatory relief package sitting on the Banking Committee to win re-election this fall. ... Read full article