
Neil Haggerty
ReporterNeil Haggerty was formerly the Congress reporter for American Banker. He previously was a financial regulation reporter at MLex Market Insight.

Neil Haggerty was formerly the Congress reporter for American Banker. He previously was a financial regulation reporter at MLex Market Insight.
When lawmakers return from their August recess, a host of unresolved financial policy issues — from marijuana banking to anti-money-laundering rule — will greet them.
The Trump administration’s “public charge” rule would add credit reports to factors that could be used to deny legal residency, but critics say credit scoring was never intended for that purpose.
The agency is trying to update its rate-cap policy for institutions that fall below "well-capitalized." But it remains to be seen if the proposed changes fully address community bankers' concerns.
Banks stand to enjoy new flexibility in complying with Dodd-Frank’s proprietary trading ban, but it remains to be seen if regulators will grant them all the relief they have sought.
Sen. Elizabeth Warren, D-Mass., and three House members are seeking more details about Paul Watkins' past work with an organization the Southern Poverty Law Center says is an anti-LGBTQ hate group.
The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.
The Massachusetts Democrat is questioning a claim by the agency about the amount of redress available to those affected by the credit bureau's 2017 data breach.
With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.
From housing finance to Facebook’s crypto plans, moderators questioning the presidential candidates in Texas next month would have no shortage of financial policy topics from which to pick.
The head of the Senate Banking Committee invited the housing secretary to Idaho to discuss low-income housing shortages.
The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.
The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.
Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels.
The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles.
The deal cleared another key hurdle as Financial Services Committee members showed little interest in slowing the formation of Truist Financial.
Despite the Senate Banking Committee’s willingness to discuss the issue, Republican support for legislation is still in question.
Lawmakers who called for sweeping reforms after the massive breach are likely to scrutinize the settlement with regulators and continue to push for changes.
A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus.
Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.
Democrats called on the social media company to halt its Libra project, while Republicans said Congress should keep the door open to innovation.