Backlash in Kansas over major tax cuts enacted by Gov. Sam Brownback and his fellow Republicans in the legislature offers lessons for federal tax-writers who are coming up with a tax reform bill of their own, experts say.
Backlash in Kansas over major tax cuts enacted by Gov. Sam Brownback and his fellow Republicans in the legislature offers lessons for federal tax-writers who are coming up with a tax reform bill of their own, experts say.
While Treasury Secretary Steven Mnuchin has been telling lawmakers about the impending need to raise the debt ceiling, a new poll suggests voters may need some more convincing as well.
While Treasury Secretary Steven Mnuchin has been telling lawmakers about the impending need to raise the debt ceiling, a new poll suggests voters may need some more convincing as well.
A group of independent regulators on Thursday told members of the Senate Banking Committee that they think their agencies should make a range of changes to major regulations related to bank supervision enacted in the aftermath of the 2008 financial crisis.
A group of independent regulators on Thursday told members of the Senate Banking Committee that they think their agencies should make a range of changes to major regulations related to bank supervision enacted in the aftermath of the 2008 financial crisis.
The looming renegotiation of the North American Free Trade Agreement presents an opportunity for the United States to include language discouraging countries from artificially devaluing their currencies to advantage exports at the expense of other countries' economies, the top U.S. trade official told senators Wednesday.
The looming renegotiation of the North American Free Trade Agreement presents an opportunity for the United States to include language discouraging countries from artificially devaluing their currencies to advantage exports at the expense of other countries' economies, the top U.S. trade official told senators Wednesday.
House Speaker Paul Ryan (R-Wis.) on Tuesday barely alluded to the proposed border adjustment tax on import income he has long advocated in what his office billed as a "major" address on tax reform.
House Speaker Paul Ryan (R-Wis.) on Tuesday barely alluded to the proposed border adjustment tax on import income he has long advocated in what his office billed as a "major" address on tax reform.
The Federal Reserve should use the authority it has over banks to fire 12 directors from Wells Fargo & Co. who were on the bank's board while its sales practices led to the creation of millions of fraudulent consumer accounts, Sen. Elizabeth Warren said Monday.
The Federal Reserve should use the authority it has over banks to fire 12 directors from Wells Fargo & Co. who were on the bank's board while its sales practices led to the creation of millions of fraudulent consumer accounts, Sen. Elizabeth Warren said Monday.
Partisan divisions over how to tackle federal flood insurance were apparent at the House Financial Services Committee's Thursday markup of several measures that congressional leaders are hoping to enact before the National Flood Insurance Program's authorization expires on Sept. 30.
Partisan divisions over how to tackle federal flood insurance were apparent at the House Financial Services Committee's Thursday markup of several measures that congressional leaders are hoping to enact before the National Flood Insurance Program's authorization expires on Sept. 30.
Federal Reserve Chair Janet Yellen on Wednesday said she's "sympathetic" to the Treasury Department's goal of easing regulations on financial institutions, but stressed that there are areas where the Fed's priorities likely diverge from the Trump administration's.
Federal Reserve Chair Janet Yellen on Wednesday said she's "sympathetic" to the Treasury Department's goal of easing regulations on financial institutions, but stressed that there are areas where the Fed's priorities likely diverge from the Trump administration's.
The House Financial Services Committee postponed a Wednesday vote on a package of flood insurance bills due to the shooting earlier in the day that injured Majority Whip Steve Scalise (R-La.) and several Capitol Hill employees.
The House Financial Services Committee postponed a Wednesday vote on a package of flood insurance bills due to the shooting earlier in the day that injured Majority Whip Steve Scalise (R-La.) and several Capitol Hill employees.
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Briefings

Finance Brief: Week in Review & What’s Ahead

The Treasury Department recommended a significant curbing of authority at the Consumer Financial Protection Bureau, along with allowing the agency’s director to be fired at will, in a report required by an executive order President Donald Trump signed in February. While the report does not call for a full repeal of Volcker Rule limits on proprietary trading, it recommended exempting small institutions from the Dodd-Frank regulation.

Finance Brief: CFPB Proposes Changes to Prepaid Card Rule

The Consumer Financial Protection Bureau announced plans to make changes to its prepaid card rule, with public comments on the proposals due within 45 days. The CFPB’s proposals would adjust the rule to require consumers register any prepaid cards before filing a complaint, and would allow providers to send disclosure forms to consumers digitally in some cases.

Finance Brief: Warren Says Democrats Open to Loosening Regulations for Community Banks, Credit Unions

Sen. Elizabeth Warren (D-Mass.) said Senate Democrats are open to working with Republicans on “targeted” measures that would ease regulations affecting community banks and credit unions. Warren, who has shown little willingness to work with the GOP on loosening financial regulations, said she remains opposed to proposals that would limit consumer protections or weaken regulations for big banks.

Finance Brief: Treasury Department Recommends Changes to CFPB, Volcker Rule

The Treasury Department recommended a significant curbing of authority at the Consumer Financial Protection Bureau, along with allowing the agency’s director to be fired at will, in a report required by an executive order President Donald Trump signed in February. The report does not call for a complete repeal of Volcker Rule limits on proprietary trading but instead proposes exempting small institutions from the Dodd-Frank regulation.

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