WASHINGTON - (03/14/05) -- The House will take up thebankruptcy reform bill this week, just days after it was passed bythe Senate. House leaders will aim to keep the bill as close to theone passed by the Senate last Thursday in order to avoid aSenate-House conference where the bill got caught up each of thelast two congresses when leaders tried to reconcile separateversions of the measure. "At this point, I don't think there'sanything in there that the House can't accept," said JohnMcKechnie, chief lobbyist for CUNA. A representative of the HouseJudiciary Committee told The Credit Union Journal Friday the panelwill hold a mark-up, or drafting session, on the bill, probablyWednesday, before they vote to send it to the full House for avote. Congressional leaders hope to vote final passage in earlyApril, after which it would be sent to to President Bush, who hasvowed to sign it into law.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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