investment and tax-related legislation

FDIC chief pitches brokered deposit rewrite, urges Congress to do more

12/11/19

Chairman Jelena McWilliams previewed a proposal to update the agency’s definition of brokered funds, but also suggested steps lawmakers could take to improve the rule’s underlying statute.

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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.

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In partisan D.C., House banking panel flips the script

11/14/19

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.

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Kansas credit unions prevail in latest state-level tax fight

10/30/19

A special committee in the state Senate has recommended not to move forward on a proposed bill to tax credit unions above a certain asset threshold.

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Vaping deaths could slow pot banking momentum

10/17/19

The Senate Banking Committee chairman said he wants to revise legislation enabling banks to serve marijuana businesses to ensure it does not benefit vaping providers that have sparked safety concerns.

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Senate pot banking bill may add weapon to fight money launderers

10/04/19

As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.

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House passes cannabis banking bill, but Senate battle looms

09/25/19

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.

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How serious is Crapo about getting pot banking bill across finish line?

09/13/19

The Banking Committee chairman's comments have advanced legislative efforts, but questions remain about where he'll take the issue.

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House passes five bipartisan financial services bills

09/11/19

The legislation takes aim at third-party bank service vendors, the backlog of FHA appraisals, rural housing assistance and other issues where there is broad agreement.

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Trump administration will move on GSE plans if Congress doesn't: Mnuchin

09/09/19

The Treasury secretary said he hopes lawmakers will back reforms of Fannie Mae and Freddie Mac within three to six months.

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