House Financial Services Committee

Senate Democrats initiate reversal of OCC 'true lender' rule


Democrats have proposed a Congressional Review Act resolution to strike down the OCC rule, arguing it enables "rent-a-bank" schemes.



Fed's Powell sees opportunity for joint CRA overhaul


Federal Reserve Chair Jerome Powell said bank regulators still aim to write a universal rule updating the Community Reinvestment Act, despite years of disagreement between the agencies on how to proceed.


How long should small-business, mortgage aid last?


House Financial Services Committee members were at odds over whether to have support for homeowners and the State Small Business Credit Initiative, both included the $1.9 trillion stimulus plan, expire when the pandemic ends or later.


Biden’s banking picks shouldn’t expect Yellen treatment


The Senate’s confirmation of Treasury Secretary Janet Yellen was notably bipartisan. But experts say congressional Republicans are poised to give nominees for the federal banking agencies heavier scrutiny.


Katie Porter off House banking panel: Report


The California Democrat known for sharp questioning of executives was turned down for a waiver to serve on the Financial Services Committee by Speaker Nancy Pelosi, D-Calif., The Hill reported Thursday.


Senate sends veto-proof AML reforms to White House


The defense spending bill includes language requiring businesses to report their owners to Fincen.