All congress articles – Page 5
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Blog
Dems: stress tests ‘show Dodd-Frank is working’
Good news from the latest round of big bank stress tests is giving Senate Democrats ammunition as they defend the Dodd-Frank Act against repeal-and-replace efforts.
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Article
What would the regulators do?
A recent Senate Banking Committee hearing on “Fostering Economic Growth” showed that regulators are not entirely opposed to a regulatory rollback. Their thoughts are inside.
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ArticleThe balancing act of Wall Street and Main Street
While deregulation advocates do battle with investor activists, there may be ideological balance in capital formation ideas.
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Blog
Why one Republican voted against the CHOICE Act
The recent 233–186 House vote on the Financial CHOICE Act wasn’t neatly divided along parties. Rep. Walter Jones was the sole Republican who voted against the legislation, citing veterans' concerns.
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ArticleDodd-Frank reforms prevail in House; now what?
The Financial CHOICE Act, a weapon of Dodd-Frank destruction, has advanced from the House of Representatives. Companies, regulators, and Congress now face the repercussions.
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Blog
AG’s memo puts halt to third-party settlements
Attorney General Jeff Sessions has ordered Department of Justice staff to no longer indirectly include charities and activist groups as part of corporate settlements.
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Blog
Republicans cue up contempt charges against CFPB director
A likely effort to help President Donald Trump find a “for cause” reason to fire CFPB Director Richard Cordray, a report by the House Financial Services Committee makes the case for pursuing contempt charges.
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Blog
Senators want transparency on regulatory settlements
Newly reintroduced bipartisan legislation seeks to increase public transparency around corporate settlements entered into by federal enforcement agencies.
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Blog
CBO: Financial CHOICE Act, if all goes to plan, could save billions
Aided by budget appropriation changes to the CFPB, the Congressional Budget Office says the Financial CHOICE Act could reduce the government's deficit by billions of dollars.
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Article
Treasury Secretary tries to make sense of shifting bank regs
Why do Republicans and President Trump keep hyping a new Glass-Steagall Act? Treasury Secretary Steven Mnuchin tried to answer that and other burning regulatory questions.
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Blog
Dodd-Frank dismantling passes first big legislative hurdle
The Financial CHOICE Act, bill that seeks to strip away much of the Dodd-Frank Act, will move on to a vote in the House of Representatives, following a 34-26 vote in the House Financial Services Committee.
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Blog
Bill would modernize Administrative Procedures Act
New legislation, the Regulatory Accountability Act, is a bipartisan effort to modernize the 70-year-old Administrative Procedures Act, the blueprint for creating federal regulations.
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Blog
Bill promotes regulatory relief for community banks
Community bankers are lending their support to newly filed legislation intended to relieve many of the regulatory burdens they have faced in the post-Dodd-Frank era.
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ArticleAt the 100-day mark, Trump and Congress escalate deregulation push
The early days of the Trump Administration haven’t meant doom for the Dodd-Frank Act, even as efforts to scale it back materialize on several fronts.
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Article
The CFPB is under attack again, but this time may be different
Past efforts to dismantle the CFPB have not accomplished much, but fresh legal challenges and legislation might spell trouble for the much-criticized government office.
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Blog
Hearing scheduled for CHOICE Act’s attack on Dodd-Frank Act
The House Financial Services Committee will hold a hearing next week on the Financial CHOICE Act, a legislative package, sponsored by Rep. Jeb Hensarling (R-Texas) as a means to repeal and replace a large swath of the Dodd-Frank Act.
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Blog
Senators demand answers from United Airlines
Following an incident where a passenger was dragged off a flight to accommodate employees, Senate Democrats are demanding that the CEO of United Airlines answer questions about the incident and company policies.
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Blog
Bill would ease SEC requirements on employee stock
The U.S. House of Representatives has voted in favor of a bill that would reduce SEC disclosure requirements for certain companies that offer employees stock options.
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ArticleHow do you redo Dodd-Frank? Congress is asking the experts
When to expect a Dodd-Frank overhaul, and what it may mean, remains uncertain. But recent Congressional hearings offer a glimpse of what may be in the offing.
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Blog
A bipartisan plea for economic growth ideas
Republican Mike Crapo and Democrat Sherrod Brown (D-Ohio) are working across party lines to solicit, from the public, legislative proposals for increasing economic growth.