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Ahead of the House vote Thursday on the Financial Choice Act, the two parties were assailing each other as proxies for Wall Street and painting themselves as defenders of community banking and the consumer.
June 9 -
The Consumer Financial Protection Bureau said banks and other first-party creditors are responsible for the accuracy of information on consumer debts.
June 8 -
Clearing the bill through the House has value, giving baseline legislative language that the Senate might select in a more modest legislative package.
June 8 -
Senators on both sides of the aisle paid lip service Thursday to giving relief to community banks and credit unions, but didn't appear closer to specifics of what would be in a bill.
June 8 -
HUD secretary Carson tells lawmakers that the FHA's capital ratio is on an "upward trajectory," but he hasn't made a decision on another premium reduction.
June 8 -
Democrats are raising concerns about a Republican push to transfer more of the risk of flood insurance to private insurers.
June 8 -
Litigation is soaking up a significant share of resources at the Consumer Financial Protection Bureau, which faces at least a dozen cases challenging its constitutionality and a surging number of legal disputes to its enforcement actions.
June 7 -
A GOP House Financial Services Committee report alleges that Consumer Financial Protection Bureau Director Richard Cordray lied about the bureau's investigation into the Wells Fargo scandal.
June 6 -
The Senate Banking Committee may pass a number of small legislative proposals to help banks and credit unions, but the panel is still figuring out what sort of package can ultimately be agreed upon, top Democrats said Tuesday.
June 6 -
While a House bill expected to be passed this week has little chance in the Senate, some of its individual provisions could be enacted by Congress, including one aimed at banks' systemic threshold.
June 5 -
The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act.
June 2 -
Credit unions continue to press the Consumer Financial Protection Bureau for regulatory relief, arguing that existing exemptions have not gone far enough.
June 1 -
A federal appeals court appears to be leaning toward a ruling in favor of the CFPB in a case about its single-director structure.
May 26 -
A bill to overhaul the Dodd-Frank Act could get a vote in the full House as early as June 7.
May 25 -
In a rare move, the credit union regulator is asking the CFPB for exemptions for credit unions from expanded HMDA requirements and unfair and deceptive acts authority.
May 24 -
Appeals court justices appeared divided on whether the structure of the Consumer Financial Protection Bureau is constitutional during oral arguments in the PHH v. CFPB case on Wednesday.
May 24 -
President Trump’s budget would reduce funds to the CFPB and eliminate a fund designed to help regulators unwind a failing megabank.
May 23 -
The case, PHH Corp. v. CFPB, is being watched closely because depending on the outcome, it could give President Trump the power to immediately fire Richard Cordray, the CFPB's director.
May 22 -
The delinquency rate of Federal Housing Administration-insured mortgages fell to a historic low in the first quarter, fueling more calls for a reduction in the agency's annual premium.
May 19 -
The Congressional Budget Office said only community banks would choose to hold higher capital in return for fewer rules while lowering its estimate of cost savings of eliminating new FDIC resolution powers.
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