House Financial Services Committee

'Accounting smoke and mirrors': Comments of the week

02/15/19

Readers weigh the BB&T-SunTrust deal, consider how a new accounting standard could affect Fannie Mae and Freddie Mac, debate the impact of the government shutdown on credit histories and more.

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House lawmaker warns of CECL's impact on Fannie, Freddie

02/14/19

Rep. Blaine Luetkemeyer, R-Mo., told the mortgage giants' chief federal regulator that the Financial Accounting Standards Board’s new model for estimating loan losses could pose risk across the mortgage market.

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Pot banking goes to Washington: 3 takeaways

02/13/19

Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal.

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Government shutdowns add new wrinkle to credit bureau reform

02/11/19

As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security.

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Future of big-bank M&A could hinge on 2020 election

02/08/19

Some have suggested the BB&T-SunTrust deal could spur similar ones, but prolonged M&A growth is hardly a sure thing in this political environment.

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Waters says BB&T-SunTrust warrants 'serious scrutiny'

02/07/19

House Financial Services Chairwoman Maxine Waters said the merger is a direct result of a regulatory relief bill that was signed into law in May.

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Wall Street nemesis to join House panel's Deutsche Bank probe

02/07/19

The House Financial Services Committee is hiring a Senate lawyer with deep experience conducting complex investigations to help run its upcoming probe of Deutsche Bank, according to people briefed on the matter.

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House committee to examine credit bureau reforms later this month

02/06/19

The House Financial Services Committee will hold a hearing Feb. 26 on "holding credit bureaus accountable" — one of seven hearings scheduled by the panel for the month.

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House panel schedules long-awaited hearing on pot banking

02/06/19

The Feb. 13 hearing marks a turning point in long-running efforts in Washington to ease bankers' fears about serving the cannabis industry.

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Will Trump's call for unity lead to bipartisan GSE reform?

02/06/19

Following the State of the Union speech Tuesday night, members of the House and Senate banking committees said they were intent on trying to address the biggest unresolved piece of financial services policy: housing finance reform.

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