Pat Toomey

Guidance subject to Hill review could go back decades, lawmaker says


Rep. Blaine Luetkemeyer is calling on bank regulators to draw up a list of guidance going back 20 years to determine whether it should be submitted under the Congressional Review Act.


Leveraged lending guidance in limbo after GAO move


A GAO determination has effectively nullified a 2013 leveraged lending guidance. But that leaves the future uncertain about what, if anything, regulators will devise to replace it — and how banks should treat such loans in the meantime.


GAO ruling puts leveraged lending guidance in GOP crosshairs


Federal regulators’ 2013 guidance on leveraged lending should have been treated as a rule under the Congressional Review Act – and is now eligible for Congress to repeal, the Government Accountability Office said Thursday.


GOP plan to scrap agency guidance takes step forward


The Government Accountability Office has agreed to a request by a GOP lawmaker to examine whether congress can reject regulators' guidance.


Democrats target GOP deregulation tool in new bill


Democrats in the House and Senate introduced a bill Tuesday that would get rid of an obscure legislative process that has handcuffed rulemakings from the Consumer Financial Protection Bureau and other regulators.