Mitch McConnell

Cheat sheet: What's at stake for banks, customers in stimulus battle

03/23/20

Congressional proposals could expand Federal Reserve liquidity support, delay a new credit loss accounting standard, provide certain accounts with unlimited deposit insurance and more to help businesses and consumers reeling from the coronavirus outbreak.

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Impeachment fight derailing banking bills? Think again

10/03/19

Democrats’ investigation of President Trump has darkened the horizon for legislative activity in Washington, but prospects for a pair of bipartisan measures backed by the industry are surprisingly bright.

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Hemp protections added to House pot banking bill

09/20/19

Protections for industrial hemp were added to a cannabis banking bill that is expected to get a full House vote next week.

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Legalizing pot may be only way to lift cloud over pot banking

06/11/19

Recent legislation zeroes in on letting financial institutions serve cannabis businesses in states where the substance is legal, but banks may stay on the sidelines if the federal ban on pot remains in place.

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How hemp legalization could bolster marijuana banking bill

12/19/18

Banks hoping to make working with the cannabis industry easier saw a positive sign this week when Congress removed the prohibition on a less potent substance.

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'Jump right in, the shark infested water is just fine': Comments of the week

12/13/18

Readers sound off on fintechs entering the student loan market, the FDIC’s brokered deposit rules and a heated debate over the new CFPB leader.

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Hensarling urges Senate action on JOBS Act 3.0

11/29/18

The House Financial Services Committee chairman said "so far, the United States Senate has done nothing on a bill that passed" the House with over 400 votes.

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Senate one step closer to voting on CFPB nominee

11/15/18

Majority Leader Mitch McConnell filed a motion for cloture on the nomination of Kathy Kraninger to run the agency, setting up a potential vote later this month.

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Supreme Court clash puts regulatory nominees on back burner

09/28/18

At least six Trump administration picks to fill financial posts are still pending, but the bitterly partisan divide over Judge Brett Kavanaugh has taken up most of the energy in Congress.

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What happens to banking policy if Dems win both chambers of Congress?

09/17/18

The tightening of Senate races in Republican strongholds has raised the prospects of Democrats having even more influence on regulatory appointments and the legislative agenda.

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