Senate Banking Committee (SBC) Democrats sent a letter to financial regulators asking them to conduct further cost-benefit analyses before finalizing any changes to the enhance supplementary leverage ratio (eSLR). Senate Democrats stated that eliminating the eSLR will not...
Read MoreOn June 24 and 25, Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee and the Senate Banking Committee. In both hearings, Chair Powell touched on similar themes such as challenges in...
Read MoreOn June 5, Senate Democrats sent a letter to Federal Housing Finance Agency (FHFA) Director Bill Pulte outlining their concerns regarding GSE privatization and detailing how sudden changes could exacerbate the existing housing crisis by...
Read MoreThe upcoming reconciliation bill – known as “One, Big, Beautiful Bill” by White House staff -- includes language that would create an above-the-line tax deduction on car loan interest up to $10,000. If passed, this...
Read MoreOn June 4, Michelle Bowman was confirmed by the Senate (48-46) to become the Vice Chair for Supervision. Bowman has previously stated that she will collaborate with other financial regulators to re-propose Basel III endgame....
Read MoreOn Wednesday evening, Paul Atkins was confirmed (52-44) to lead the Securities and Exchange Commission. His term expires on June 5, 2026. SFA extends its congratulations and is eager to work with Commissioner Atkins moving forward.
Read MoreBill Pulte was confirmed by the Senate on Thursday by a vote of 56-43 to be the Director of the Federal Housing Finance Agency for a term of five years. His confirmation could come as soon...
Read MoreFederal Reserve Chair Jerome Powell gave his testimony during the Fed’s Semiannual Monetary Policy Report to Congress. The House and Senate hearings focused on the Fed’s efforts to cool inflation while maintaining a stable labor...
Read MoreSenators Bernie Sanders (D-VT) and Josh Hawley (R-MO) are working on legislation that would amend the Truth in Lending Act and put a cap on credit card interest rates until 2031. In 2023, credit card...
Read MoreIn an interview with the WSJ, Housing and Urban Development (HUD) Secretary Scott Turner stated that HUD will be part of a task force—that will include the US Treasury and the Federal Housing Finance Agency—to...
Read MoreSenator Tim Scott (R-SC) is proposing to change the definition of “accredited investor” to allow more Americans to participate in the private securities market. Currently, to be an accredited investor, an individual must have $1...
Read MoreOn September 25, the HFSC Financial Institutions and Monetary Policy Subcommittee held a hearing, titled “Regulatory Recipe for Economic Uncertainty: The Endless Basel Endgame and an Onslaught of Hurried Rulemaking Undertaken by the Administration.” Republicans...
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