Reporter
[email protected] // @ryan_raineyRyan covers financial regulation for Morning Consult.
The House will vote next week on a resolution that would block the Consumer Financial Protection Bureau’s new rule that bars banks from requiring arbitration clauses in consumer contracts, House Majority Leader Kevin McCarthy (R-Calif.) said Thursday.
GOP senators are aiming to adopt a resolution that would block implementation of a Consumer Financial Protection Bureau rule that limits financial institutions’ ability to require arbitration clauses in consumer contracts, according to Sen. Tom Cotton (R-Ark.), who said the goal is to get the measure to President Donald Trump’s desk before the August recess.
As the Trump administration moves closer to renegotiating the North American Free Trade Agreement, it’s becoming increasingly clear that some of the key debates from the now-dormant Trans-Pacific Partnership will persist throughout the upcoming NAFTA talks.
Republican tax writers are considering writing rules into their reform package aimed at preventing large companies from taking advantage of pass-through business tax rates intended for small businesses, Rep. Peter Roskam said Thursday.
The conservative group Freedom Partners is for the first time targeting individual lawmakers involved in the tax-reform debate, with digital advertisements calling for them to support a proposal that does not include a border adjustable tax on imports.
Federal Reserve Chair Janet Yellen on Wednesday told House lawmakers she would be open to discussing her potential renomination as head of the central bank if President Donald Trump decided to offer her a second term.
Banks and financial services companies will see their ability to require out-of-court arbitration in class action disputes with consumers limited by a Consumer Financial Protection Bureau rule set go into effect within the next year, setting up a likely partisan fight over whether Congress should intervene.
A leading senator involved in efforts to reform the government’s relationship with Fannie Mae and Freddie Mac said Thursday that he sees “commonality” within the housing finance sector on how lawmakers should alter the government-sponsored enterprises.
Republican senators on Wednesday said they are still confident about the prospects for completing a comprehensive tax reform package in a reasonable timeframe after the Senate GOP leadership’s decision to postpone a vote on a major health care overhaul measure.
The Labor Department on Tuesday took a key step toward altering a major Obama-era regulation that nearly doubled the threshold at which employers are required to pay time-and-a-half for overtime work.
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