House Financial Services Committee

Senate Democrats initiate reversal of OCC 'true lender' rule

03/25/21

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

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Fed's Powell sees opportunity for joint CRA overhaul

02/24/21

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.

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How long should small-business, mortgage aid last?

02/10/21

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.

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Biden’s banking picks shouldn’t expect Yellen treatment

01/27/21

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.

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Katie Porter off House banking panel: Report

01/15/21

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.

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Senate sends veto-proof AML reforms to White House

12/11/20

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

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