House Financial Services Committee

Cheat sheet: 7 measures in House coronavirus bill that matter to banks

05/15/20

Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.

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Will Congress's coronavirus response watchdog have any teeth?

04/22/20

Financial institutions could testify before the bipartisan commission overseeing the unprecedented economic aid for industries hit by the COVID-19 pandemic. But without subpoena authority, the panel’s impact may be limited.

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CRA reform amid coronavirus would fuel discriminatory lending

04/20/20

Minorities are often hit harder financially during a crisis, but if regulators move forward on revamping the Community Reinvestment Act, they’ll only make matters worse.

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House Dems seek details on FDIC's crisis plans following IG report

04/14/20

The heads of two congressional committees are requesting a briefing from the agency after a watchdog recommended improvements in how it prepares for crises.

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Bankers hope reg relief doesn’t end when coronavirus does

04/07/20

Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.

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Coronavirus stimulus package: What do banks need to know?

03/25/20

Details of the $2 trillion deal were still fluid Wednesday, but lawmakers were closing in on a plan that would aim to put banks and consumers alike on stronger financial footing as they weather the coronavirus pandemic.

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Takeaways from ex-Wells Fargo board members’ visit to Congress

03/11/20

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.

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Waters is right to make Wells Fargo a poster child for bad practices

03/11/20

The chairwoman of the House Financial Services Committee should call on regulators to take more aggressive steps with bad banking practices, starting with Wells.

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Waters asks DOJ to consider criminal charge against former Wells Fargo CEO

03/10/20

The chair of the House Financial Services Committee, Maxine Waters, contends that Tim Sloan knowingly made misleading and inaccurate comments during a hearing before her panel last year.

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Democrats beat up on Wells Fargo CEO. GOP says it's time to move on.

03/10/20

House Democrats maintained their criticism of the bank during Charlie Scharf's first hearing, but Republicans suggested it is on better footing now that many top leaders have been replaced.

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