House Financial Services Committee

The Conference of State Bank Supervisors says state and federal regulatory coordination on third-party technology service provider exams eliminates duplication

The Fed's top regulatory official suggested that some banks could get a break from filing resolution plans and see the frequency of their stress tests reduced.

The Bank Policy Institute was formed following the merger of The Clearing House Association and the Financial Services Roundtable.

With the recent focus on capital formation bills, lawmakers appear to be putting their Dodd-Frank angst aside.

The Treasury secretary told lawmakers that the government needs “to strike the right balance” on Bank Secrecy Act requirements while determining the best way to collect details about account holders.

Focus instead on legislation that will prevent the next economic crisis and address technological change, says Rep. Patrick McHenry, a Republican front-runner to become Financial Services Committee chairman.

The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation.

Regardless of which party controls the House or Senate after the midterm elections, the financial services panels in both chambers could have new leaders.

The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House.

Attorneys general from 21 states say the measures would undermine their ability to enforce consumer protection laws.