A motion to limit debate on the nominee to run the consumer bureau passed along strictly party lines, setting the stage for her to be confirmed as early as next week.
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.
Just as a recent law softened Dodd-Frank resolution plan requirements, the head of the Federal Deposit Insurance Corp. announced an effort to ease such rules for depository institutions.
Kathy Kraninger, who may get a confirmation vote as early as this week, has suggested a similar vision to that of the agency’s current acting chief. But some see signs she could bring a different approach to the job.
The effort to raise the threshold for transactions excused from appraisal requirements responds to concerns that the current threshold is outpaced by real estate prices.
The ratings agency said that it views rollbacks of stress-test comparisons and liquidity coverage ratio requirements as "negative" for banks with between $100 billion and $250 billion of assets.
