Rep. Rashida Tlaib, D-Mich.
On the House Financial Services Committee advancing bills that would reform the credit bureaus and give consumers rights to appeal credit reporting decisions:

"These are petulant children playing with matches."

Related: Financial Services Committee passes bills to reform credit reporting
Closeup of an accountant's hand on a calculator.
On the Financial Accounting Standards Board's vote to extend the compliance deadline on the new Current Expected Credit Loss methodology for all but the largest publicly traded banks:

"It's time for Congress to intervene and force the delay and further study. It's also time for the bank regulators to assert themselves. Bill Isaac, former Chairman of FDIC."

Related: FASB extends CECL deadline for most lenders
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On Senate Banking Committee Chairman Mike Crapo saying he's open to holding a hearing on cannabis banking legislation:

"Come on, Mr. Chairman — if the state of Utah can get on board with changing marijuana laws, you can too."

Related: Pot banking hearing is on Crapo’s radar
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On Democratic Sen. Elizabeth Warren's sweeping plan to rewrite banking, tucked within a bill to rein in private equity firms:

"This is a key part of Elizabeth Warren's overall STEAQAP plan (Strangle the Economy as Quickly as Possible). I’m particularly fond of the idea of getting the post office involved in offering banking services, because they’re, you know, experts in financial services."

Related: Warren makes play to put banking in 2020 spotlight
Sen. Elizabeth Warren, D-Mass.
Another reader responds to Sen. Warren's plans to overhaul Wall Street banking:

"Ms. Warren is determined in her slightly hysterical way to rescue us all from the evils of a prosperous economy; low unemployment, increased workforce participation . . . healthy banking industry, record equities market performance and consumer confidence."

Related: Warren makes play to put banking in 2020 spotlight
House for sale
On a policy analyst suggesting that Community Reinvestment Act reforms could include a market-based approach in which banks would pay a fee to other lenders to help fulfill CRA obligations:

"Performance context is EVERYTHING in CRA. It’s why CRA exams can’t be totally objective."

Related: The case for market-based CRA reform
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Another reader responds to a suggested CRA reform that would allow banks to pay other lenders a fee to help meet credit obligations:

"The author should provide facts to back up his assertions: 'loans to low-income borrowers today constitute a bigger proportion of the nonbank portfolio than they do for banks' — Mortgage companies portfolio loans? hmmm. "

Related: The case for market-based CRA reform