Waters bill would reverse Mulvaney's deregulatory efforts at CFPB
The senior Democratic lawmaker said the CFPB chief and the Trump administration "are doing everything in their power to roll back consumer protections." ... Read full article
The senior Democratic lawmaker said the CFPB chief and the Trump administration "are doing everything in their power to roll back consumer protections." ... Read full article
State regulators and advocacy groups say a federal breach notification standard could supersede state laws that already benefit consumers. ... Read full article
The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber. ... Read full article
Maybe political winds or another downturn will spark housing finance reform. But 10 years after the conservatorships began, the companies are still in perpetual limbo. ... Read full article
The House Financial Services Committee chair also acknowledged that his capital-formation bill still faces a potentially tough Senate vote. ... Read full article
Rep. Maxine Waters said fixing Fannie Mae and Freddie Mac would top her list of priorities if Democrats take control of the House in this year's midterm elections and she becomes leader of the Financial Services Committee next year. ... Read full article
As part of a capital-formation bill, House lawmakers are attempting to sprinkle in a handful of provisions to ease the industry’s burden. ... Read full article
Readers weigh in on Mulvaney's plans to shake up the CFPB, respond to banks chasing hot tech trends, applaud fintech-bank partnerships and more. ... Read full article
The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation. ... Read full article
Regardless of which party controls the House or Senate post-election, the financial services panels in both chambers could have new leaders. ... Read full article
Readers react to Capital One restricting data access, opine on whether or not the Consumer Financial Protection Bureau's structure is unconstitutional, weigh in on Rep. Maxine Waters as Financial Services Committee chairman and more. ... Read full article
Rep. Maxine Waters made headlines this week for her scathing criticism of the White House. Expect more to come if she takes over as the Financial Services Committee chair next year. ... Read full article
The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission." ... Read full article
The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election. ... Read full article
Democrats attempted to counter Republicans’ praise for the increased investment, wages and bonuses resulting from the tax bill by tying it to Wells Fargo's recent scandals. ... Read full article
The bill aimed at helping struggling homeowners also requires documentation of servicer behavior and FHFA evaluation of the services provided to borrowers. ... Read full article
The legislation unveiled this week left out a requirement — included in an earlier version — for new companies to report their true owners. ... Read full article
A change in House leadership in midterms would slow down regulatory relief initiatives and put more heat on Trump-appointed regulators. ... Read full article
The House affirmed this week that it would move forward with a vote on a Senate bill overhauling parts of Dodd-Frank, but how far lawmakers push additional relief proposals is still unclear. ... Read full article
The rules to comply with the Community Reinvestment Act have become "formulaic and ossified" and must be changed to encourage lending practices the law originally intended to foster, the Fed's top regulator said. ... Read full article