Weekly Brief: BoA Sued; SCOTUS Shortlists; Fund Fights Argentina
May 1, 2024 - The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled, “Merger Policies of the Federal Banking Agencies.” The Committee heard...more
February 14, 2024- The U.S. House Committee on Financial Services held a hearing entitled, "Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)." The...more
December 19, 2023- U.S. House Committee on Financial Services Chair Patrick McHenry (R-NC), Representative Warren Davidson (R-OH), Senator Rick Scott (R-FL), and Senator Mike Rounds (R-SD) led 76 of their colleagues in...more
November 28, 2023- The U.S. House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion will hold a hearing entitled, "Fostering Financial Innovation: How Agencies Can Leverage...more
November 7, 2023- The Consumer Financial Protection Bureau is proposing to use its larger participant authority to supervise nonbank companies that offer services like digital wallets and payment apps....more
October 24, 2023- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency jointly issued a final rule to modernize regulations implementing the Community Reinvestment...more
September 12, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Oversight of the U.S. Securities and Exchange Commission."...more
June 26, 2023- The Ranking Member of the U.S. House Committee on Financial Services sent a letter to Janet Yellen, the Secretary of the United States Treasury along with Gary Gensler, Chair of the Securities and Exchange...more
June 21, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a nomination hearing on the following nominations: •The Honorable Philip Nathan Jefferson, of North Carolina, to be Vice Chairman of the...more
June 7, 2023- The U.S. Committee on Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions held a hearing entitled, "Dollar Dominance: Preserving the U.S. Dollar's...more
Major Developments- Administration Releases National Cybersecurity Strategy- The White House has released its National Cybersecurity Strategy, outlining a vision and approach for a secure digital future....more
January 30, 2023- The U.S. House of Representatives passed several pieces of bipartisan financial services legislation. Among the bipartisan bills passed are initiatives to combat the financial exploitation of seniors and...more
July 20, 2022- The U.S. House Committee on Financial Services held a hearing entitled, "Housing in America: Oversight of the Federal Housing Finance Agency."...more
The Consumer Financial Protection Bureau issued an advisory opinion addressing that federal law often could prohibit debt collectors from charging consumers "pay-to-pay" fees when a consumer seeks to make a payment in a...more
The prospect of the U.S. Congress acting on housing reform this year remains unlikely. The House Democrats’ determination to formalize the impeachment inquiry into President Trump’s involvement with Ukraine and begin public...more
The U.S. Department of the Treasury and the Department of Housing released the much-anticipated housing finance reform plan to reduce the government’s role in housing and end government control of both Fannie Mae and Freddie...more
The DC Circuit Court of Appeals dealt the DOJ a blow yesterday with a ruling that “rejected the government’s claim that a lower court had applied antitrust laws incorrectly in allowing the merger” between AT&T and Time Warner...more
On January 27, 2015 the FHFA Director, Melvin L. Watt, testified in front of the U.S. House of Representatives Committee on Financial Services. Director Watt’s testimony provided...more
While Director Cordray’s appearance at the House Financial Services Committee’s hearing on the CFPB’s fifth Semi-Annual Report yesterday was accompanied by the usual dose of political theater, his testimony did yield the...more