On 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...
Read MoreOn September 24, the House Financial Services Committee (HFSC) held a hearing with all five SEC Commissioners, titled “Oversight of the Securities and Exchange Commission.” Republicans were largely critical of the SEC’s approach to digital...
Read MoreOn June 12, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) delivered his semiannual report to the Senate Banking Committee (SBC), followed by the House Financial Services Committee (HFSC) on June 13. Democrats...
Read MoreOn May 15, Michael Barr, Vice Chair of the Federal Reserve, Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation, and Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency testified...
Read MoreOn April 18, the Senate Banking Committee held a hearing with FHFA Director Sandra Thompson and Acting HUD Secretary Adrianne Todman, titled “Oversight of Federal Housing Regulators.” Members from both parties focused their attention on...
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