Hensarling signals he may leave Senate reg relief bill unchanged
The senior GOP lawmaker appeared to acknowledge concerns that expanding the bill could harm Democratic support. ... Read full article
The senior GOP lawmaker appeared to acknowledge concerns that expanding the bill could harm Democratic support. ... Read full article
House Republicans are continuing to push the Senate to add more measures to a bill to give regulatory relief to community banks. ... Read full article
On the eve of a crucial Senate vote to roll back parts of the Dodd-Frank Act, the divide between progressive and moderate Democrats on regulatory relief has never been starker. ... Read full article
The Senate is poised to pass the most substantial bank regulatory relief since the crisis, but any disruption of the post-crisis regime is still eclipsed by how much the bill enshrines Dodd-Frank. ... Read full article
The clock starts ticking this week on a busy agenda of financial services priorities on Capitol Hill, including passing reforms to Dodd-Frank, overhauling the housing finance system and confirming key regulators. ... Read full article
Housing finance reformers are pushing full steam ahead to get a bill introduced before the political calendar makes passage nearly impossible. ... Read full article
Senate negotiators are working on a bill that would place Fannie Mae and Freddie Mac into receivership and replace them with multiple mortgage guarantors, according to sources. ... Read full article
Craig Phillips, a top aide to Treasury Secretary Steven Mnuchin, said his department "broadly" agrees with the FHFA plan, which would return Fannie Mae and Freddie Mac to the private market and provide them an explicit government guarantee. ... Read full article
As senators weigh anti-money-laundering reforms, they reiterated their desire to include cryptocurrencies as part of legislative discussions. ... Read full article
Cryptocurrencies continue to pique the interest of our readers, with a warning on bitcoin taking the top spot and a story about Ripple's partnership with MoneyGram doing well. Housing finance reform, Wells Fargo and the CFPB also featured. ... Read full article
The two senators are set to introduce a bill that would force such firms to pay $100 per customer whose personal information was compromised. ... Read full article
Examiners focus too much on how many suspicious activity reports banks file and too little on the true riskiness of their activities, according to lawmakers and industry representatives. ... Read full article
Sen. Mark Warner, D-Va., said Tuesday that policymakers need to take a hard look at cryptocurrencies. Senate Banking Chairman Mike Crapo agreed the issue was ripe for a hearing. ... Read full article
Equifax observed an increasingly well-worn ritual of scandal-ridden firms by jettisoning CEO Richard Smith: apologize, promise to do better in the future, and sacrifice your top executive in the hopes it will ward off action by Congress and regulators. ... Read full article
Rep. Carolyn Maloney, D-N.Y., sent a letter to the top executives at TransUnion and Experian on Wednesday asking them what steps they are taking to safeguard consumer data in light of the Equifax breach. ... Read full article
A bipartisan duo of lawmakers is set Tuesday to introduce a bill designed to increase homeownership opportunities for “credit invisible” consumers. ... Read full article
The Senate is set to begin teeing up housing finance reform discussions at a Banking Committee hearing on Thursday, but many are skeptical that Congress will be able to succeed where it has failed in the past. ... Read full article
Housing finance reform discussions are heating up and there's a growing sense that legislation can be enacted sooner rather than later. Here's why. ... Read full article