On July 18, the HFSC Capital Markets Subcommittee held a hearing with Erik Gerding, Director of the SEC’s Division of Corporation Finance, serving as the sole witness. The SEC’s Conflicts of Interest proposed rule was...
Read MoreHouse Financial Services Committee Chairman Patrick McHenry, (R-NC) along with Representatives Andy Barr (R-KY),Bill Huizenga (R-MI), and Senate Banking Committee Ranking Member Tim Scott (R-SC), led a bicameral group of 132 members of Congress in...
Read MoreOn June 23, the House of Representatives passed the “Middle Class Borrower Protection Act of 2023,” legislation sponsored by Rep. Warren Davidson (R-Ohio) that aims to rescind the controversial changes to loan-level pricing adjustments (LLPA)...
Read MoreOn 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...
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