Deal Includes Significant New Regulatory Provisions -
Days ahead of the Treasury Department’s projected default date, the U.S. House and Senate cleared a bipartisan package to raise the debt ceiling, extend the country’s...more
Congress faces a crowded agenda this fall comprised of must-pass policy initiatives and potential political messaging opportunities in the lead up to the November midterm elections. With control of both chambers at stake, the...more
9/9/2022
/ Abortion ,
Biden Administration ,
Continuing Resolution ,
Federal Funding ,
Food and Drug Administration (FDA) ,
Health Insurance ,
Healthcare ,
Healthcare Reform ,
Life Sciences ,
Medicare ,
OMB ,
Patient Access ,
Public Policy ,
Regulatory Agenda ,
Telehealth
Recognizing the urgent need to increase access to mental health and substance use services for young people, Congress is taking significant legislative steps to strengthen the federal government’s response to the nationwide...more
As Congress faces a March 11 deadline to enact a Fiscal Year 2022 omnibus spending bill, advocates are making their case to federal legislators this week to include a tax title that delays or repeals the five-year...more
Earlier this month, the House and Senate approved a fiscal 2021 budget resolution (S. Con. Res. 5), directing committees to use the budget reconciliation process to draft COVID-19 relief legislation consistent with President...more
2/19/2021
/ Affordable Care Act ,
Biden Administration ,
Children's Health Insurance Program (CHIP) ,
COBRA ,
Community Development ,
Coronavirus/COVID-19 ,
Financial Stimulus ,
Infectious Diseases ,
Infrastructure ,
Legislative Agendas ,
Public Health ,
Relief Measures ,
SNAP Program ,
Tribal Governments ,
Wage and Hour
The confirmations of Cabinet secretaries and federal agency directors by the U.S. Senate are critical and early milestones in any new President’s administration. Permanent department leadership allows the executive branch to...more
Following President Joe Biden’s inauguration, Democrats control the executive and legislative branches of government for the first time in 10 years. Democrats presently have a three-seat majority in the House while Democratic...more
Proposed Changes Subject to 60-Day Comment Period -
On May 30, the Federal Reserve Board of Governors voted unanimously in favor of a proposal to amend section 13 of the Bank Holding Company Act (Volcker Rule), which was...more
6/5/2018
/ Bank Holding Company Act ,
Covered Funds ,
Dodd-Frank ,
Federal Reserve ,
Financial Regulatory Reform ,
Hedge Funds ,
Proprietary Trading ,
Regulatory Burden ,
Regulatory Oversight ,
Regulatory Standards ,
Volcker Rule
UPDATE: This article was updated on May 24, 2018 -
On May 24, President Trump signed into law a banking deregulation bill (S.2155) that loosens rules and requirements imposed on lenders by the Dodd-Frank Act of 2010. ...more
On May 22, The House of Representatives voted 258-159 to pass a banking deregulation bill (S.2155) that loosens rules and requirements imposed on lenders by the Dodd-Frank Act of 2010. The legislation contains a number of...more
President Trump Issues Executive Order Instructing Review of Financial Regulations -
President Donald Trump on February 3rd issued an Executive Order (EO) detailing his Administration’s core principles for financial...more
3/8/2017
/ Constitutional Challenges ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Dodd-Frank ,
EFTA ,
Executive Orders ,
Financial Institutions ,
Financial Regulatory Reform ,
PHH Corp. v CFPB ,
Prepaid Payment Products ,
Regulatory Oversight ,
Removal For-Cause ,
Single Director ,
Trump Administration ,
Truth in Lending Act (TILA)
A newly leaked memo from U.S. House of Representatives Financial Services Committee Chairman Jeb Hensarling (R-TX) to the Committee’s leadership team has provided stakeholders in the banking industry with a preview of major...more
2/15/2017
/ Automotive Loans ,
Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Deregulation ,
Dodd-Frank ,
Financial Institutions ,
Financial Services Industry ,
Proposed Legislation ,
Regulatory Oversight ,
Student Loans
On November 15th, House Financial Services Committee Chairman Jeb Hensarling (R-TX) signaled that he is willing to consider changes to a reintroduced Financial CHOICE Act next year as a newly elected and party-unified...more
On Tuesday, a bipartisan group of legislators expressed their support for a bill (H.R. 4116) that would attempt to codify and expand a measure regarding reciprocal deposits that was included in FDIC’s final rule on small bank...more
OCC Releases 2017 Bank Supervision Plan -
The OCC’s Committee on Bank Supervision (CBS) yesterday published its Fiscal Year 2017 Bank Supervision Operating Plan and announced the following five oversight objectives...more
9/16/2016
/ Banking Sector ,
Banks ,
BSA/AML ,
Business Model ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Legislative Committees ,
OCC ,
Regulatory Oversight ,
Underwriting
The Small Business Administration (SBA) on Tuesday published a proposed rule that would amend requirements in four of its business loan programs in order to increase participation among eligible entities. The agency announced...more
The Federal Financial Institutions Examination Council (FFIEC) on Friday announced that it will accept public comment on proposed revisions to the existing Consolidated Reports of Condition and Income (FFIEC 041) that would...more