News Topic: House Financial Services Committee

The Fed's top regulatory official suggested that some banks could get a break from filing resolution plans and see the frequency of their stress tests reduced. ... Read full article

The Bank Policy Institute was formed following the merger of The Clearing House Association and the Financial Services Roundtable. ... Read full article

With the recent focus on capital formation bills, lawmakers appear to be putting their Dodd-Frank angst aside. ... Read full article

Focus instead on legislation that will prevent the next economic crisis and address technological change, says Rep. Patrick McHenry, a Republican front-runner to become Financial Services Committee chairman. ... Read full article

The Treasury secretary told lawmakers that the government needs “to strike the right balance” on Bank Secrecy Act requirements while determining the best way to collect details about account holders. ... Read full article

The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation. ... Read full article

Regardless of which party controls the House or Senate post-election, the financial services panels in both chambers could have new leaders. ... Read full article

The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House. ... Read full article

Attorneys general from 21 states say the measures would undermine their ability to enforce consumer protection laws. ... Read full article

Rep. Maxine Waters made headlines this week for her scathing criticism of the White House. Expect more to come if she takes over as the Financial Services Committee chair next year. ... Read full article

The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission." ... Read full article

The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election. ... Read full article

The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories. ... Read full article

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat. ... Read full article

Democrats attempted to counter Republicans’ praise for the increased investment, wages and bonuses resulting from the tax bill by tying it to Wells Fargo's recent scandals. ... Read full article

Rep. Cedric Richmond, D-La., the CBC's chair, requested with a meeting with the comptroller of the currency to "enlighten" him about discrimination in banking. ... Read full article

The legislation unveiled this week left out a requirement — included in an earlier version — for new companies to report their true owners. ... Read full article

In his inaugural hearing as comptroller of the currency, Joseph Otting defended his decision not to publicly rebuke banks for Wells Fargo-like problems. ... Read full article