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Ballard Spahr LLP

Senate adopts resolution to nullify CFPB overdraft rule

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The Senate on March 27 adopted a resolution that would nullify the CFPB’s overdraft rule. The Senate adopted S. J. Res. 18 by a vote of 52-48, with Sen. John Hawley, R-Mo., the only Republican voting against repeal....more

Ballard Spahr LLP

House Subcommittee to hold Wednesday hearing on role of CFPB

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The House Financial Services Committee’s Financial Institutions Subcommittee will hold a hearing on Wednesday, March 26, to discuss possible changes to the structure and responsibilities of the CFPB....more

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House Committee adopts resolution to nullify CFPB overdraft rule

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The House Financial Services Committee on March 5 took the first step toward repealing the CFPB’s overdraft rule, adopting a resolution under the Congressional Review Act. ...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

Congressional Democrats accuse Trump Administration of ‘incursion’ at the CFPB

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More than 185 Democrats in the House and Senate are urging Trump Administration officials to restore the enforcement and supervisory powers of the CFPB....more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday December 6

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December 5, 2024 - The Federal Reserve Bank of New York published a staff report entitled “Corporate Debt Structure over the Global Credit Cycle.” December 5, 2024 - The Federal Reserve Board published a Liberty Street...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday December 5

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December 4, 2024- The U.S. House Committee on Financial Services held a hearing entitled “Innovation Revolution: How Technology is Shaping the Future of Finance.”...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday September 25

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September 24, 2024- The House Financial Services Committee (FSC) held a hearing to conduct oversight of the Securities and Exchange Commission with testimony from all five Commissioners. In preparation of such hearing the...more

Paul Hastings LLP

Daily Financial Regulation Update -- Tuesday September 10

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September 9, 2024- Securities and Exchange Commission Chief Accountant Paul Munter made a statement at the 2024 AICPA & CIMA Conference on Banks & Savings Institutions....more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, February 23, 2024

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February 22, 2024- The U.S. House Committee on Financial Services Subcommittee on Housing and Insurance held a field hearing entitled, "Restoring Prosperity in American Communities: Examining the Failures of Status Quo...more

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday, January 18 2024

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January 17, 2024- U.S. Senate Committee on Banking, Housing, and Urban Affairs Ranking Member Tim Scott (R-S.C.) led a letter to the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Saturday, November 18, 2023

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November 16, 2023- The Federal Deposit Insurance Corporation Board of Directors approved a final rule to implement a special assessment to recover the loss to the Deposit Insurance Fund (DIF) associated with protecting...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, September 20, 2023

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September 19, 2023- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled, "Oversight of the SEC's Division of Investment Management."...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, September 16, 2022

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Hearing: Oversight of the U.S. Securities and Exchange Commission- September 15, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Oversight of the U.S. Securities and...more

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CFPB issues Spring 2020 semi-annual report to Congress

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The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. The report represents the CFPB’s fourth semi-annual report under Director Kraninger’s...more

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Kraninger to give remarks on April 17 at Bipartisan Policy Center

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CFPB Director Kraninger is scheduled to give public remarks at a Bipartisan Policy Center program scheduled for April 17, 2019 at 10 a.m. in Washington, D.C. ...more

Moore & Van Allen PLLC

When Someone Shows You Who They Are, Believe Them the First Time: What a Blue Wave in the House Likely Means for Financial...

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Elections have consequences and the recent midterm elections are no exception. Having won the House majority, Democrats are expected to proceed with an ambitious agenda in January 2019. Much of the focus has been on how the...more

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House to hold June 6 hearing on CFPB

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On June 6, 2018, the House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit will hold a hearing entitled “Improving Transparency and Accountability at the Bureau of Consumer Financial...more

A&O Shearman

House Financial Services Committee Advances 15 Bills

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The US House Financial Services Committee announced that it had advanced 15 bills, many of which would alter the regulatory framework for financial institutions. This group of bills also included a number of bills based upon...more

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House Financial Services subcommittee to hold July 12 hearing on community financial institution relief; bills to be examined...

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On July 12, 2017, a subcommittee of the House Financial Services Committee will hold a hearing entitled “Examining Legislative Proposals to Provide Targeted Regulatory Relief to Community Financial Institutions.” The...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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We’ve mentioned Uber’s Greyball issues before in passing. But since the authorities are literally making a Federal case out of it, you should probably know more about the details if the software tool that has the...more

King & Spalding

House Financial Services Committee Votes To Repeal And Replace Dodd-Frank

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On September 13th, the House Financial Services Committee approved the Financial CHOICE Act of 2016 to repeal and replace key parts of the 2010 Dodd-Frank law by a largely partisan vote of 30 to 26. Democrats declined to...more

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Be Careful What You Ask For, You May Get It—The CFPB Addresses Marketing Services Agreements Under RESPA

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The residential mortgage settlement service industry has been asking the CFPB for guidance on the legality of marketing service agreements (MSAs) under RESPA. When questioned on the issue last week at a House Financial...more

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84 House members urge expedited CFPB action on small business lending data collection rules

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84 House members recently wrote to the CFPB to urge it to expedite rulemaking to implement the small business lending data requirements of Dodd-Frank Section 1071. Section 1071 amended the ECOA to require financial...more

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