On February 14, the House Financial Services Committee (HFSC) held a hearing, titled “Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)” with Department of Treasury officials....
Read MoreOn January 16, 15 bipartisan Members of Congress submitted a letter to U.S. bank regulators raising concerns over plans to boost lenders' capital requirements to comply with Basel Endgame III. House Financial Services Capital Markets...
Read MoreThis week, the Biden Administration convened a committee of stakeholders from higher education, loan servicers borrowers and others, to draft a new plan for student loan forgiveness. This initiative is part of the administration’s broader...
Read MoreOn December 5, House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-NC), announced that he will not be seeking re-election in 2024. McHenry most recently served as interim Speaker of the House for three weeks...
Read MoreOn December 6, the CEOs of eight of the largest U.S. banks testified before the Senate Banking Committee. The witnesses included executives from Bank of America, Goldman Sachs, Morgan Stanley, J.P. Morgan, BNY Mellon, Citigroup,...
Read MoreOn November 14, U.S. bank regulators from the Federal Reserve, FDIC, and OCC, testified before the Senate Banking Committee, followed by the House Financial Services Committee on November 15. Republican and Democratic members in both...
Read MoreOn October 31, a group of 25 bipartisan members of the House Financial Services Committee wrote to SEC Chairman Gary Gensler to express concerns about the re-proposed conflict of interest rule for securitization. The letter...
Read MoreOn October 3, Rep. Kevin McCarthy (R-CA) was removed as speaker of the House by both sides of the aisle, as eight Republicans joined all Democrats in a historic 216-210 vote to vacate the seat....
Read MoreJudge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas, ruled in favor of the Department of Labor’s (DOL’s) 2022 rule, which allows retirement fund managers to consider environmental, social, and governance (ESG)...
Read MoreOn September 27, SEC Chair Gary Gensler testified before the House Financial Services Committee (HFSC). He addressed questions regarding AI, crypto, and the Commission’s proposals on swing pricing and predictive data analytics. Additionally, Gensler was...
Read MoreThe Senate Committee on Banking, Housing and Urban Affairs held a hearing on September 12, with SEC Chairman Gary Gensler, titled “Oversight to the U.S. Securities and Exchange Commission”. Democrats praised Gensler for his oversight...
Read MoreOn September 14, the House Financial Services Committee (HFSC) held a Subcommittee hearing on Financial Institutions entitled, “Implementing Basel III: What’s the Fed’s Endgame?” The hearing focused on the recent proposed rulemaking from prudential regulators...
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