On June 21 and 22, Jerome Powell, the Chair of the Federal Reserve, testified before Congress on the Federal Reserve's semi-annual monetary policy report. Members from both the Republican and Democratic parties directed their attention...
Read MoreThis week, CFPB Director Rohit Chopra testified on the recent actions and expected future rulemakings of the CFPB before the Senate Banking Committee (SBC) and House Financial Services Committee (HFSC). Vocal support during the hearing...
Read MoreOn June 5, the U.S. House of Representatives passed seven bipartisan pieces of legislation aimed at enhancing capital formation, bolstering public markets, and creating investor opportunity. Among the notable financial services bills that were passed,...
Read MoreAmericans are now facing the resumption of their student loan payments, effective August 30, as a part of the debt ceiling deal between President Biden and House Speaker Kevin McCarthy. This move to resume payments...
Read MoreWhile a resolution to the debt ceiling gridlock would allow the U.S. Treasury to raise funds to meet its financial obligations, it could increase competition for bank deposits. Banks have been under pressure due to...
Read MoreOn May 23, the House Financial Services Committee (HFSC) held a well-attended hearing titled "Protecting Homeowners and Taxpayers with FHFA Director Sandra Thompson.” A focal point of the hearing was the recent changes made by...
Read MoreOn April 18, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House Financial Services Committee (HFSC). The hearing was well attended by both parties. Republicans primarily focused on the Commission’s sweeping rulemaking...
Read MoreBipartisan Legislation Introduced to Advance Fed Accountability Senators Thom Tillis (R-NC) and Elizabeth Warren (D-MA) led a bipartisan group of Senators to introduce legislation titled the “Financial Regulators Transparency Act.” This legislation, if passed, would...
Read MoreOn March 24, Representatives Ann Wagner (R-MO) and Bill Huizenga (R-MI) submitted a letter to the Securities and Exchange Commission (SEC), on their recently re-proposed rule on the “Prohibition of Conflicts of Interest in Securitizations.” A similar...
Read MoreOn March 28 and 29, the Senate Banking Committee and the House Financial Services Committee held hearings on the recent banking failures and the federal regulatory response that followed. The witnesses included FDIC Chairman Martin Gruenberg, Federal Reserve Vice...
Read MoreOn Monday, March 20, President Joe Biden used his first veto to strike down House Joint Resolution 30 that would have disapproved the Department of Labor’s final rule allowing fund managers to consider Environmental, Social and...
Read MoreOn March 20, Tim Scott (R-SC), Ranking Member of the Senate Banking Committee and Patrick McHenry (R-NC), Chair of the House Financial Services Committee, submitted joint letters to the Fed and the Federal Depository Insurance Corporation (FDIC)...
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