House Financial Services Committee

The senior GOP lawmaker appeared to acknowledge concerns that expanding the bill could harm Democratic support.

On one hand, banks could face regulatory pressure to restrict services to the firearms industry. But banks that take a strong stand also risk the wrath of GOP lawmakers opposed to such restrictions.

The American Bankers Association will fund TV ads for Sen. Jon Tester, D-Mont., and Rep. Ted Budd, R-N.C., the first of several candidates the group expects to actively promote during the midterms.

House Republicans are continuing to push the Senate to add more measures to a bill to give regulatory relief to community banks.

Rep. Blaine Luetkemeyer said Tuesday that he's interested in the panel's top spot when Chairman Jeb Hensarling retires at the end of the year.

The legislation would prohibit the CFPB from penalizing institutions that rely in good faith on guidance from the bureau.

In his first of two Capitol Hill hearings this week, Democrats hammered the acting director of the Consumer Financial Protection Bureau for ignoring what they view as the agency's core purpose.

House Speaker Paul Ryan's decision not to seek re-election is another sign of the difficulties Republicans will likely face in holding the chamber in November, heightening pressure to move a pending regulatory relief bill as soon as possible.

House Speaker Paul Ryan's decision not to seek re-election is another sign of the difficulties Republicans will likely face holding the chamber in November, heightening pressure to move a pending regulatory relief bill as soon as possible.

Both national credit union trade associations submitted letters in advance of CFPB acting director Mick Mulvaney's House Financial Services Committee hearing.