News & Analysis as of

Congressional Committees Financial Regulatory Reform

Orrick, Herrington & Sutcliffe LLP

Congressional Research Service reports on CFPB funding proposals in H.R. 1

On June 16, the Congressional Research Service updated a report on the CFPB’s budget to include the funding proposals by the Senate Banking Committee and the House Committee on Financial Services in H.R. 1, the “One Big...more

Hudson Cook, LLP

CFPB Bites of the Month - April 2025 - "I'll Remember April and the CFPB"

Hudson Cook, LLP on

In this month's article, we share some of our top "bites" covered during the April 2025 webinar....more

Orrick, Herrington & Sutcliffe LLP

Congressional Financial Services Committee members pen letter to CFPB requesting explanation for a $0 funding request

On February 11, the ranking members from both the House Committee on Financial Services and the House Subcommittee on Financial Institutions sent a letter to CFPB Acting Director Russell Vought expressing concerns regarding...more

Ballard Spahr LLP

Durbin 2.0 Congressional Research Service Report Indicates Uncertainty of Routing Restrictions Impacts on Industry

Ballard Spahr LLP on

On December 13, 2023, the Congressional Research Service issued a report titled How the Credit Card Competition Act of 2023 Could Affect Consumers, Merchants, and Banks highlighting potential issues for Congress....more

Cadwalader, Wickersham & Taft LLP

More Congressional Hearings on Bank Failures

This week, the Senate Banking Committee and the House Financial Services Committee held multiple hearings on bank failures that have occurred this year, with each committee holding a hearing with former leaders of the failed...more

A&O Shearman

Bipartisan Support for Financial Regulatory Relief Bill

A&O Shearman on

Mike Crapo, chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, introduced the Economic Growth, Regulatory Relief and Consumer Protection Act which would introduce significant financial regulatory...more

BCLP

Impact of Proposed “Regulatory Off-Ramp” for Community Banks

BCLP on

A key component of the proposed roadmap for Republican efforts to provide regulatory relief is based on reduced regulatory burdens in exchange for holding higher capital levels. Specifically, Title I of the proposed Financial...more

Mintz - ML Strategies

ML Strategies Update on Financial Services

Mintz - ML Strategies on

Introduction - The financial services industry is poised to receive some regulatory relief from an unlikely source: President-elect Donald J. Trump. On the campaign trail, Trump often sounded like a populist crusader...more

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