House Financial Services Committee

House passes five bipartisan financial services bills

09/11/19

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.

[more]

6 banking issues to watch when Congress reconvenes

08/26/19

When lawmakers return from their August recess, there are a host of unresolved financial policy issues — from marijuana banking to anti-money-laundering rule — to greet them.

[more]

Sean Duffy, leading GOP voice on House banking panel, to resign

08/26/19

Wisconsin Republican Sean Duffy routinely pushed to restructure the Consumer Financial Protection Bureau and authored a bill to reform the flood insurance program.

[more]

Waters meets with Swiss officials to discuss Facebook's crypto plans

08/26/19

House Financial Services Committee Chair Maxine Waters, D-Calif., and a bipartisan congressional delegation met with Swiss government officials last week to discuss Facebook’s plans to launch and operate a digital currency.

[more]

Big banks need more diversity in leadership ranks: House Democrats

08/13/19

With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.

[more]

Waters, Brown warn regulators not to weaken margin rules

08/01/19

Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels.

[more]

House revives effort to allow nontraditional data in credit scores

07/25/19

The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles.

[more]

House lawmakers go light on BB&T-SunTrust merger

07/24/19

The deal cleared another key hurdle as Financial Services Committee members showed little interest in slowing the formation of Truist Financial.

[more]

Democrats try to force Fed's hand on faster payments

07/24/19

Lawmakers including presidential hopeful Elizabeth Warren have introduced a bill that would put the Federal Reserve in charge of creating its own real-time payments network.

[more]

How AI can advance the cause of fair lending

07/23/19

Policymakers should consider how new data computing can help ensure equal lending, not hinder it.

[more]