Senate Banking Committee

4 takeaways from Senate GSE reform hearing

03/26/19

Lawmakers still have a long way to go before enacting housing finance reform, but the testimony could signal how future legislative talks will play out.

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House likely to pass pot banking bill, but is that as far as it goes?

03/24/19

Banks and credit unions may be moving one step closer to federal legislation freeing them to serve legal pot businesses, but the path to enactment is still fraught with huge challenges.

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Financial firms could not cut ties to firearms clients under GOP bill

03/21/19

The bill by Sens. Kevin Cramer, R-N.D., and John Kennedy, R-La., would block banks and credit unions with over $10 billion of assets from refusing service to "customers that may not share the same political values."

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Housing advocates surprisingly upbeat on FHFA nominee

03/20/19

Mark Calabria has notably criticized the government’s role in housing, but some groups have taken him at his word when he told senators that he supported affordable housing initiatives.

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The inconvenient truth for GSE reform plans

03/19/19

There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system.

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State regulators should take the lead on data privacy: CSBS

03/15/19

The Conference of State Bank Supervisors urged Sens. Mike Crapo and Sherrod Brown to establish a baseline for consumer protection in data privacy and security that would leave room for stricter state rules.

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Crapo planning two days of Senate Banking hearings on GSE reform

03/15/19

The Senate Banking Committee will hold two hearings at the end of March on Chairman Mike Crapo’s most recent framework for housing finance reform.

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Senate bill would add another step to FSOC designation process

03/14/19

A bipartisan group of senators is proposing legislation to require the Financial Stability Oversight Council to weigh alternatives before putting a large, complex nonbank under Federal Reserve supervision.

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Warren drops CRA mandate for credit unions as part of housing bill

03/13/19

The 2020 presidential hopeful removed the contentious provision from a previous version of the bill that had won praise from bankers but sparked fierce opposition from credit unions.

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Housing finance reform bill coming by 2020: Crapo

03/13/19

In remarks to credit unions, the Senate Banking Committee Chairman said that fixing the government-sponsored enterprises and data security were priorities.

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