CFPB nominee promises to keep agency open but downsize it
"I [take] that very seriously as a former congressional staffer, an Article 1 [of the Constitution] guy. I’m going to make sure the CFPB performs each of its statutory" functions.
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105 results for "1"
Bipartisan interest in new deposit insurance cap, but for whom?
Uninsured deposits are held in a small share of accounts but can be a large proportion of banks’ funding, particularly among the largest 10 percent and largest 1 percent of banks by asset size, the agency
Fed’s Barr: SVB ignored ‘bread and butter’ banking issues
His report is due out by May 1.
Lawmakers from both parties skeptical of legislation over SVB
The Federal Reserve Board said Monday that Barr would review the supervision and regulation of SVB and that his report would be released by May 1.
Post-mortems begin on Silicon Valley Bank failure
Barr will review the supervision and regulation of SVB and the Fed will release his report by May 1.
White House · 117th Congress
In administration campaign on ‘junk fees,’ CFPB targets banks
“Today’s actions are going to save consumers more than $1 billion each year, and that’s a lot of money back in people’s pockets.”
Congress · 117th Congress
Senate Democrats take aim at credit card fees amid inflation
Interchange fees are typically a percentage of the transaction cost, usually 1 to 3 percent.
Policy · 117th Congress
SEC proposes rule for emissions reporting by companies
In a 3-1 vote, the SEC proposed rules that would address a lack of standardization among company reporting on climate risk, making it easier for an apples-to-apples comparison on key metrics and
Congress · 117th Congress
Unimpressed with post office banking trial, backers eye new initiative
In 2019, Amodei co-sponsored an amendment to the Financial Services appropriations bill that would have provided $1 million to fund expansion into nonbank financial services by the Postal Service.
Policy · 117th Congress
Investors object to CEO pay in judgment on pandemic response
The rate would steadily increase for pay ratios up to 500-to-1 or higher.
Policy · 117th Congress
US confronts ‘digital dagger’ from overseas aimed at top tech companies
[jwp-video n=”1″] The USTR position is “an important affirmation in pushing back on these discriminatory trade barriers as the U.S. continues to work to find a viable solution at the OECD,”
Policy · 117th Congress
Antitrust risks cloud outlook for fintech deals amid surge
A total of 232 global fintech deals were announced from Jan. 1 through March 10 with an aggregate value of $47.8 billion, compared with 160 deals collectively worth $39.3 billion during the first
Congress · 117th Congress
Lawmakers plan further probe of trading models in GameStop saga
[jwp-video n=”1″] The company has faced growing scrutiny after it paused purchases of GameStop and other stocks.
White House · 117th Congress
Erotica, pot firms join oil patch to keep fair access bank rule
It’s set to take effect April 1. The rule came after the largest U.S. banks said they would stop financing oil exploration and drilling projects in the Arctic, citing environmental concerns.
Policy · 116th Congress
What would a Biden White House mean for fintech?
For comparison, affiliates of Alphabet Inc., Google’s parent company, have given the former vice president more than $1 million and Trump just under $30,000, while JPMorgan Chase & Co. affiliates have
Policy · 116th Congress
Mnuchin’s call for returning Fed authorities meets skepticism
[jwp-video n=”1″] “One of the things I have to be careful about is watching any attempts to use this crisis to do deregulation, and so I’ll be keeping an eye on that,” she said.
Congress · 116th Congress
Blaine Luetkemeyer crusades for community banks
Elizabeth are worth between $5 million and $25 million, which in 2018 generated between $1 million and $5 million in income.
Campaigns · 116th Congress
Bloomberg thrills fintech world with cryptocurrency shoutout
[jwp-video n=”1″] Most of the remaining Democratic field hasn’t talked about the blockchain-based industry.
Congress · 116th Congress
GOP senators skeptical of Fed nominee Shelton after hearing
[jwp-video n=”1″] Waller appears uncontroversial Waller, a respected economist who has consistently favored lower interest rates, can expect an easy confirmation.
Policy · 116th Congress
Congress looks at taxes, oversight, crime in fintech bills
[jwp-video n=”1″] A bipartisan bill introduced in January, for example, would remove the tax implications each time cryptocurrency is used to make a purchase.