Joe Adler has been with the Washington bureau of American Banker since 2006, writing on a variety of topics about the federal government's financial services policy. In addition to being Washington bureau chief, he edits BankThink, American Banker's opinion platform on ideas and trends shaping the banking industry. Before joining American Banker, he worked at newspapers in New England, beginning his career as a sportswriter in Massachusetts.
Democrats' recent electoral victories signal that they may be able retake the House during midterm elections next year. That could have a big impact on regulatory relief, housing finance reform and other bank priorities.
The financial services industry has largely warmly greeted the GOP’s proposed overhaul of tax policy, yet some provisions have triggered concern and uncertainty. Here is a rundown of the key provisions and how they may impact the industry.