Rep. Patrick McHenry (R-N.C.) was selected Friday to be the top Republican on the House committee in charge of the financial sector, his office announced in a statement.
“Fintech sandboxes” are all the rage. The Consumer Financial Protection Bureau (CFPB) recently proposed a disclosure sandbox, the Arizona attorney general has adopted a fintech sandbox, and both legislators and regulators in Washington are discussing ways to use sandboxes to promote financial innovation.
Senators who vote this week to confirm Kathleen Kraninger as director of the Consumer Financial Protection Bureau will be endorsing the pro-industry, anti-consumer track record of current Director Mick Mulvaneyover the last 12 months, and asking for more.
Having won control of the House, Democrats need to push a robust policy agenda that concretely connects with Main Street Americans who care about their jobs, wages, benefits, savings, investments, homes, retirements and so much more.
Sen. Elizabeth Warren (D-Mass.) is pushing the Federal Reserve to maintain severe penalties on Wells Fargo until president and CEO Timothy Sloan is replaced.
The acting director of the Consumer Financial Protection Bureau (CFPB) issued a call for unity to agency employees Thursday amid a backlash over racially charged writings by a top official he appointed.
Standing with the troops requires more than lip service. It also requires action.
Ten years ago this month, Lehman Brothers, the fourth-largest investment bank in America filed for bankruptcy.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has long worked to move the American housing finance sector toward private and competitive markets and away from the distortions and disasters of government guaranteed debt with huge risks to taxpayers.
Ten years ago we put Fannie Mae and Freddie Mac into conservatorships.