Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more
March 27, 2025- The U.S. Senate passed a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final rule imposing price controls on overdraft services offered by banks and credit...more
Jonathan McKernan, President Trump’s nominee to head the CFPB, pledged that the agency would “implement and enforce the federal consumer financial laws and perform each of its other statutorily assigned functions.”...more
Last week, the CFPB issued its Semi-Annual Report to Congress covering the period beginning October 1, 2022 and ending March 31, 2023. ...more
Last Wednesday, the Senate Commerce Committee voted to advance President Biden’s nominees to fill the two open Republican Commissioner seats on the Federal Trade Commission: Andrew N. Ferguson and Melissa Holyoak. The...more
Last week, the United State Senate passed bipartisan legislation designed to substantially amend the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”). Originally drafted by Senate Banking...more