House Financial Services Committee

Lawmakers approved legislation to enable coordination between state and federal regulators on examining banks' third-party vendor relationships.

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.

Rep. Maxine Waters made headlines this week for her scathing criticism of the White House. Expect more to come if she takes over as the Financial Services Committee chair next year.

The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission."

The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election.

The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories.

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat.

Democrats attempted to counter Republicans’ praise for the increased investment, wages and bonuses resulting from the tax bill by tying it to Wells Fargo's recent scandals.

Rep. Cedric Richmond, D-La., the CBC's chair, requested with a meeting with the comptroller of the currency to "enlighten" him about discrimination in banking.

The House Financial Services Committee was scheduled to vote on legislation to modernize anti-money-laundering rules, but the latest version of the bill excludes a key provision involving the collection of beneficial ownership information.

The legislation unveiled this week left out a requirement — included in an earlier version — for new companies to report their true owners.