
Neil Haggerty
ReporterNeil Haggerty was formerly the Congress reporter for American Banker. He previously was a financial regulation reporter at MLex Market Insight.

Neil Haggerty was formerly the Congress reporter for American Banker. He previously was a financial regulation reporter at MLex Market Insight.
When the former vice president and Massachusetts senator appear together in Houston, they could present two contrasting visions of financial policy within the presidential field.
Sen. Elizabeth Warren, D-Mass., and three House members are seeking more details about Paul Watkins' past work with an organization the Southern Poverty Law Center says is an anti-LGBTQ hate group.
The Massachusetts Democrat is questioning a claim by the agency about the amount of redress available to those affected by the credit bureau's 2017 data breach.
The head of the Senate Banking Committee invited the housing secretary to Idaho to discuss low-income housing shortages.
The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles.
Lawmakers who called for sweeping reforms after the massive breach are likely to scrutinize the settlement with regulators and continue to push for changes.
A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus.
The agency had decided not to challenge a recent court ruling that its structure violates the separation of powers, but newly confirmed Director Mark Calabria now appears willing to the fight the case.
Critical comments about Wall Street in the first debates signal an unfriendly political environment for banks. Here is a sample of leading candidates’ financial policy views.
After years of largely standing on the sidelines, lawmakers are taking a closer look at whether algorithms used by banks and fintechs to make lending decisions could make discrimination worse instead of better.
Democratic lawmakers argue that Paul Watkins' former employment at a "homophobic hate group" makes him unfit to lead the agency's innovation office. Watkins says he did no advocacy work for that organization.
Sen. Elizabeth Warren said Eric Blankenstein's past writings disqualify him from working at the Department of Housing and Urban Development.
Bills to fix the National Flood Insurance Program and combat the money-laundering risks from shell companies enjoyed bipartisan support during a House Financial Services Committee debate.
Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers.
The bipartisan House effort to delay the Current Expected Credit Loss standard comes less than a month after Republican senators introduced a similar bill.
Although Libor will will not be phased out until at least 2021, Randal Quarles said making the switch early is "consistent with prudent risk management."
The industry continues to push for an overhaul of the bureau’s leadership structure, but both parties seem uninterested.
Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard.
Two senators, a Republican and a Democrat, have revived legislation that would prohibit Congress from using certain fees collected by Fannie Mae and Freddie Mac to offset unrelated government spending.
In her first policy speech since being confirmed as the agency's director, Kathy Kraninger promised less focus on enforcement actions and more emphasis on consumer education.