Policymaking

Regional banks sound alarm over new interest rate benchmark

10/16/19

Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.

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The next Elizabeth Warren? How Katie Porter is shaking up House banking panel

10/14/19

The California Democrat is less recognizable nationally than other progressives elected to the House in 2018. But she may be "the most feared freshman" on the Financial Services Committee.

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Facebook's Zuckerberg to testify to House on Libra

10/09/19

The social media giant's CEO will likely encounter pushback from members of the Financial Services Committee about the company's plans to launch its own cryptocurrency.

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Trump to nominate FHA's Brian Montgomery as No. 2 at HUD

10/08/19

The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.

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Public banking gets green light in California

10/03/19

A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.

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FHFA resolves dispute with employee over sexual harassment claim

09/27/19

Simone Grimes had alleged former FHFA Director Mel Watt made inappropriate advances toward her and she was paid less than the man who had previously held her position.

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GOP senators skeptical of Fed's faster payments network

09/25/19

One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.

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Senate Democrats call out Capital One over breach response

09/12/19

The lawmakers, including Sens. Sherrod Brown and Elizabeth Warren, sent the bank a letter focusing on customers' difficulty enrolling in credit monitoring and identity protection services.

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O'Rourke urges credit card lenders to stop backing gun sales

09/12/19

The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."

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CFPB to hold symposium on behavioral economics

09/06/19

The event is the bureau's second in a series on consumer protection policy. The first dealt with the agency's authority to penalize firms for unfair, deceptive or abusive acts and practices.

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