Senate Majority Leader Mitch McConnell (R-Ky.) said Tuesday that he's doubtful the Senate will act on a comprehensive repeal of the 2010 Dodd-Frank financial reform law because of objections from Democrats.
Senate Majority Leader Mitch McConnell (R-Ky.) said Tuesday that he's doubtful the Senate will act on a comprehensive repeal of the 2010 Dodd-Frank financial reform law because of objections from Democrats.
The political fallout from President Donald Trump's reported breach of top secret intelligence information in a meeting with Russian diplomats reached the Senate Banking Committee on Tuesday.
The political fallout from President Donald Trump's reported breach of top secret intelligence information in a meeting with Russian diplomats reached the Senate Banking Committee on Tuesday.
It seems odd that in a world where you can order a meal on your phone and have it delivered in 20 minutes, the payment for that meal may not be settled with funds actually paid to the restaurant for a whole day.
It seems odd that in a world where you can order a meal on your phone and have it delivered in 20 minutes, the payment for that meal may not be settled with funds actually paid to the restaurant for a whole day.
Federal Housing Finance Agency Director Mel Watt recently delivered a stark warning about the financial stability of government-sponsored housing enterprises. But some experts doubt lawmakers will move any faster on housing reforms as a result.
Federal Housing Finance Agency Director Mel Watt recently delivered a stark warning about the financial stability of government-sponsored housing enterprises. But some experts doubt lawmakers will move any faster on housing reforms as a result.
Let this be a first in Washington: At the CFTC we are going to KISS and tell. We’re also going to put a whole new meaning on the phrase.
Let this be a first in Washington: At the CFTC we are going to KISS and tell. We’re also going to put a whole new meaning on the phrase.
Federal Housing Finance Agency Director Mel Watt warned senators Thursday that Fannie Mae and Freddie Mac are approaching a point where they'll have no more capital buffer left, and said he is worried about the market risks of drawing additional taxpayer funds to cover possible short-term losses at the government-sponsored enterprises.
Federal Housing Finance Agency Director Mel Watt warned senators Thursday that Fannie Mae and Freddie Mac are approaching a point where they'll have no more capital buffer left, and said he is worried about the market risks of drawing additional taxpayer funds to cover possible short-term losses at the government-sponsored enterprises.
The Senate on Thursday confirmed Robert Lighthizer to serve as the next U.S. trade representative, making him the final Cabinet-level nominee set to join the Trump administration.
The Senate on Thursday confirmed Robert Lighthizer to serve as the next U.S. trade representative, making him the final Cabinet-level nominee set to join the Trump administration.
Republican members of the House Financial Services Committee have developed their initial outline of a plan to overhaul and reauthorize the National Flood Insurance Program, which expires at the end of September.
Republican members of the House Financial Services Committee have developed their initial outline of a plan to overhaul and reauthorize the National Flood Insurance Program, which expires at the end of September.
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Briefings

Finance Brief: Week in Review & What’s Ahead

Treasury Secretary Steven Mnuchin told lawmakers that the Trump administration does not support reinstating the firewall between investment and commercial banking required under the Depression-era Glass-Steagall Act, clarifying previous remarks from White House officials that indicated a preference for reinstating the law that was repealed in 1999.

Finance Brief: Wells Fargo Sued by Philadelphia Over Alleged Predatory Lending

The City of Philadelphia sued Wells Fargo & Co., alleging that the country’s largest mortgage lender engaged in predatory lending. The lawsuit, which comes after a recent Supreme Court decision allowing cities to sue banks for alleged discrimination that leads to widespread defaults and lower property tax revenue, compounds Wells Fargo’s legal woes in the wake of its consumer fraud scandal.

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