House Financial Services Committee

Bill would aid New York cabbies who can't make loan payments

01/17/20

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy.

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Waters urges regulators to ensure integrity of CRA public comments

01/16/20

The House Financial Services Committee chair asked two regulatory agencies about what steps they've taken to prevent fabricated comment letters as they invite the public to weigh in on Community Reinvestment Act changes.

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Regulators aren't only ones at odds over CRA reform

01/14/20

As the regulatory agencies have struggled to reach a consensus, a proposal championed by Office of the Comptroller of the Currency has divided lawmakers and been assailed by community groups.

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House passes bills to require more reports from bank regulators

01/14/20

Lawmakers advanced legislation that would require banking regulators to give annual testimony to lawmakers and would mandate regular reports on cybersecurity efforts.

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GOP lawmaker's bill would repeal small-business loan rules

01/10/20

New legislation in Congress seeks to do away with a data-collection mandate that addressed discrimination in business lending. The repeal measure has the support of two bank industry groups based in Washington.

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House banking panel to hold two hearings this month on CRA reform plan

01/06/20

House Financial Services Committee Chairwoman Maxine Waters announced she will hold two hearings in January to examine a proposal to overhaul the Community Reinvestment Act.

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The 2020 legislative docket: AML reform, GSEs, Dems v. regulators

01/01/20

The window to change beneficial-ownership rules or pass other measures will be narrow, but some legislative efforts from 2019 will carry over and House Democrats will resume inquiries of certain industry CEOs and Trump-appointed regulators.

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Will Congress do anything about credit unions buying banks?

12/22/19

The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice.

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10 banking policymakers to watch in 2020

12/19/19

Impeachment continues to dominate Congress, but legislation the industry seeks is still pending and the bank regulators have a full agenda. Here are the figures who will drive the policy debate.

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Waters will call Wells Fargo's board members to testify in 2020

12/19/19

House Financial Services Committee Chairwoman Maxine Waters said oversight of the bank will be a focus for the panel next year.

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