Democrats on the Senate Banking Committee are raising concerns that a move by Treasury Secretary Steven Mnuchin to appoint Keith Noreika as acting comptroller was done to circumvent Senate vetting.
FHFA Director Mel Watt warned Thursday that to prevent a potential draw on the Treasury Department by the government-sponsored enterprises, he is willing to act unilaterally to rebuild capital at Fannie and Freddie.
A Senate Republican effort to use an obscure process to restructure the CFPB could derail any bipartisan agreement on targeted changes to the Dodd-Frank Act.
Though it's too early to have a concrete plan regarding Fannie Mae and Freddie Mac, the administration is creating a set of principles that it hopes to release in a few months, a senior official said Tuesday.
Purported revisions to House Republicans' Dodd-Frank rollback bill raised immediate questions about the GOP's strategy, since the provisions — which were more extreme than when the bill was unveiled last year — immediately sparked Democratic opposition.
Democrats boycotted the Senate Finance Committee's planned vote Tuesday on the nomination of Treasury Secretary-designate Steven Mnuchin, temporarily preventing it from moving forward.
