House Financial Services Committee

Pot banking backers stand firm in face of Crapo’s opposition

12/19/19

After Senate Banking Committee Chairman Mike Crapo poured cold water on legislation enabling banks and credit unions to serve the marijuana industry, several key supporters of the effort are pushing back.

[more]

Lawmakers give wildly divergent reviews of CRA plan

12/12/19

Regulators’ sweeping proposal to reform implementation of the Community Reinvestment Act has drawn strong opinions on both sides.

[more]

Maxine Waters to crash FDIC meeting on CRA revamp

12/12/19

In a rare move, the House Financial Services Committee chairwoman will lead a congressional delegation to a public FDIC board meeting as it considers releasing a proposal to rework the Community Reinvestment Act.

[more]

Powell unsure on future CRA path if Fed parts with other agencies

12/11/19

The Fed chairman said he has not given up on the central bank agreeing with other regulatory agencies on a plan to modernize the Community Reinvestment Act, but admitted, "I don’t know whether that will be possible or not.”

[more]

House Democrats spar over rate cap bill

12/06/19

Moderates on the Financial Services Committee are attempting to block legislation that would extend the 36% interest rate cap on loans to military personnel to all consumers.

[more]

House Democrats implore regulators to get in sync on CRA

12/04/19

Lawmakers blasted an apparent decision by the OCC and FDIC to move forward with a proposal to reform the Community Reinvestment Act without the support of the Fed.

[more]

Trump loses appeal over Capital One, Deutsche Bank subpoenas

12/03/19

The ruling by a three-judge panel means the president will lose control of his long-secret business and personal records at the two banks unless the full court reconsiders or the U.S. Supreme Court blocks the decision.

[more]

House Dems call on HUD to rescind changes to disparate impact standard

11/22/19

House Democrats described the disparate impact standard as "the most important tool" for enforcing the Fair Housing Act.

[more]

Waters, Harris unveil plan to invest over $200B in affordable housing

11/21/19

The House Financial Services chair is sponsoring a bill with one of the Democratic presidential contenders aimed at alleviating the public housing capital backlog.

[more]

BB&T-SunTrust's incentive, Fannie-Freddie freedom, core vendor 'ransom': Top stories of the week

11/15/19

Earnings hit could be avoided if BB&T and SunTrust complete deal by 2020; Fannie and Freddie will likely exit conservatorship by 2024, Calabria says; tired of paying 'ransom' to core vendors, two small banks fund new one; and more from this week's most-read stories.

[more]