Policymaking

House passes offshoring bill inspired by Wells Fargo layoffs

10/18/19

The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.

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Dimon says Libra 'will never happen'

10/18/19

The JPMorgan Chase CEO called Facebook's cryptocurrency project a "neat idea" but added his name to the list of industry leaders and policymakers skeptical about the plan.

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Fed, FDIC will explore changes to Camels rating system

10/18/19

The two agencies requested comment on the scorecard regulators use to assess a bank's overall health as some question whether ratings are consistently applied.

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GOP senator tells Libra Association member to stay the course

10/17/19

As some of Facebook's partners pull out of the Libra cyrptocurrency project, Sen. Mike Rounds, R-S.D., encouraged a company located in his state to remain involved.

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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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