Labor Secretary nominee Alexander Acosta on Wednesday declined to say whether he supports the Labor Department's rule aimed at preventing retirement investment advisers from selling products that pose a conflict of interest.
Labor Secretary nominee Alexander Acosta on Wednesday declined to say whether he supports the Labor Department's rule aimed at preventing retirement investment advisers from selling products that pose a conflict of interest.
Labor secretary nominee Alexander Acosta on Wednesday said he sees room for the Labor Department to raise the salary threshold for overtime payment requirements, while noting he has reservations about increasing that metric to the level of the Obama administration rule that's been halted by a federal court.
Labor secretary nominee Alexander Acosta on Wednesday said he sees room for the Labor Department to raise the salary threshold for overtime payment requirements, while noting he has reservations about increasing that metric to the level of the Obama administration rule that's been halted by a federal court.
President Donald Trump could fire Consumer Financial Protection Bureau Director Richard Cordray by getting legal justification from the Justice Department, according to a GOP lawmaker who's critical of the CFPB's structure.
President Donald Trump could fire Consumer Financial Protection Bureau Director Richard Cordray by getting legal justification from the Justice Department, according to a GOP lawmaker who's critical of the CFPB's structure.
Overhauling Fannie Mae and Freddie Mac is a financial regulation priority for the Trump administration, Vice President Mike Pence's chief economist said Tuesday, adding that "a set of principles" will likely emerge in the coming months.
Overhauling Fannie Mae and Freddie Mac is a financial regulation priority for the Trump administration, Vice President Mike Pence's chief economist said Tuesday, adding that "a set of principles" will likely emerge in the coming months.
The political battle over tax reform ensnared more than a dozen Republican lawmakers over the weekend with an ad campaign criticizing the House GOP's plan to tax imports while exempting exports.
The political battle over tax reform ensnared more than a dozen Republican lawmakers over the weekend with an ad campaign criticizing the House GOP's plan to tax imports while exempting exports.
House Republicans are considering legislation that would restructure the Consumer Financial Protection Bureau in a way that allows the president to fire the agency's director at will. Banking groups, however, are mostly in favor of taking a different approach: forming a bipartisan commission to lead the CFPB.
House Republicans are considering legislation that would restructure the Consumer Financial Protection Bureau in a way that allows the president to fire the agency's director at will. Banking groups, however, are mostly in favor of taking a different approach: forming a bipartisan commission to lead the CFPB.
President Donald Trump’s budget proposes cutting funds for Treasury Department and Housing and Urban Development programs, a move that drew criticism from lawmakers and advocacy groups worried about the potential impact on community banking.
President Donald Trump’s budget proposes cutting funds for Treasury Department and Housing and Urban Development programs, a move that drew criticism from lawmakers and advocacy groups worried about the potential impact on community banking.
Housing activists are already decrying the cuts, but when it comes to affordable housing, local governments can make progress without all the regulations and subsidies from Washington.
Housing activists are already decrying the cuts, but when it comes to affordable housing, local governments can make progress without all the regulations and subsidies from Washington.
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Briefings

Finance Brief: Week in Review & What’s Ahead

Senate Majority Leader Mitch McConnell (R-Ky.) said it is unlikely that Congress will pass a tax reform bill before the August recess. Senate GOP taxwriters are considering a tax proposal of their own that does not include the controversial border-adjustable tax on imports found in the House GOP’s blueprint.

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