Is Congress really ready to take on crypto?
The Senate Banking Committee's latest hearing offers some clues. ... Read full article
The Senate Banking Committee's latest hearing offers some clues. ... Read full article
Financial regulators sought to walk a fine line Tuesday between reassuring Republican senators that they are quickly implementing regulatory relief and defending themselves against Democratic criticism that they are going too fast. ... Read full article
Fed Vice Chairman of Supervision Randal Quarles said in written tstimony that the central bank plans to move quickly to determine how to regulate banks between $100 billion and $250 billion of assets, and that it may provide also relief for banks over the ... Read full article
Seven Republican senators urged regulators on Monday to consider additional changes to the Volcker Rule's "covered funds" definition. ... Read full article
The Senate Banking Committee said it is postponing a hearing on the implementation of regulatory relief for "logistical reasons." ... Read full article
The committee approved the nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau, despite strong Democratic opposition, as well as President Trump's picks for Ginnie Mae, the Export-Import Bank and several other positions. ... Read full article
Sen. Heidi Heitkamp, D-N.D., has compromised with Republicans on key issues and supported other Trump nominees, but she said Kathy Kraninger lacks enough experience to run the consumer bureau. ... Read full article
The Senate recess is postponing the committee's vote comes as Democrats press Kathy Kraninger on involvement with zero-tolerance immigration policy at OMB. ... Read full article
Kathy Kraninger, President Trump’s pick to run the CFPB, will testify before Congress on Thursday in what is likely to be a defining moment for her nomination. ... Read full article
With the recent focus on capital formation bills, lawmakers appear to be putting their Dodd-Frank angst aside. ... Read full article
Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost. ... Read full article
If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means. ... Read full article
Attorneys general from 21 states say the measures would undermine their ability to enforce consumer protection laws. ... Read full article
Federal Reserve Chairman Jerome Powell said the agency has its hand full between proposals on liquidity and capital requirements and additional mandates made by the recently enacted regulatory relief law. ... Read full article
The Senate Banking Committee approved the nominations of Richard Clarida as vice chairman of the Fed and Michelle "Miki" Bowman as a Fed governor. ... Read full article
The industry’s biggest legislative victory in a decade made it to the finish line Thursday. ... Read full article
The bill passed by the House took a more cautious approach to relief than prior legislative proposals but has still been hailed by banking industry groups. ... Read full article
The soon-to-be-retiring chair of the House Financial Services Committee said Senate leaders have made a "commitment" to consider more changes. ... Read full article
After months of delay, the House is planning to vote on legislation next week that would amend the Dodd-Frank Act. ... Read full article
The group made its plea in a petition, signed by over 10,000 community bank employees, urging lawmakers to quickly move a bill rather than subject the process to "further delay or inaction." ... Read full article