Legislation that would block a federal banking agency – including the federal regulator of credit unions – from ordering a bank or credit union to terminate, restrict or “discourage” a customer account or group of […]
Rules for disclosures about mortgage loans at zero percent interest made by charities such as Habitat for Humanity and others would be rewritten by the federal consumer financial protection agency under legislation approved by the […]
Legislation designed to facilitate liquidity in options markets by calling on federal banking agencies to provide targeted capital relief was approved by the House Tuesday on a 368-19 vote. The Options Markets Stability Act (H.R. 5749), […]
Effective dates for provisions in the newly enacted “Economic Growth, Regulatory Relief and Consumer Protection Act” (S.2155, signed into law by President Donald Trump last week, May 24) are varied and wide ranging, a review […]
A second hearing on the “customer due diligence” (CDD) rule, particularly the “beneficial ownership” requirements – compliance for which are required by Friday – has been scheduled by a House committee for next week. The […]
The House, voting 234 to 175, on Tuesday adopted a Senate-passed resolution to repeal 2013 guidance from the Bureau of Consumer Financial Protection (BCFP) on indirect auto lenders’ compliance with federal fair lending requirements. The […]
Financial institution “regulatory relief” will proceed on two fronts in the House this month – including action on legislation already approved by the Senate, and an additional separate piece of legislation, leaders said Tuesday. In […]
Legislation giving the Federal Reserve sole rulemaking authority for the “Volcker rule” creates efficiency – but it doesn’t eradicate the rule, the chairman of the House committee that reported out the bill said last week. […]
Three bills that affect financial institution regulation will be considered on the House floor this week, including a measure limiting the scope of the “Volcker rule” to banks with more than $10 billion in assets […]
THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing on “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” Thewitness will be: The Honorable Mick Mulvaney, Acting Director, […]
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