Politics and policy
Politics and policy
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The House and Senate will need to resolve a slight difference between their versions of the bill before sending it to President Donald Trump for his signature.
June 13 -
A Trump-appointed judge refused to dismiss a settlement between the Consumer Financial Protection Bureau and a Chicago mortgage lender over lending practices that an appeals court already said violated the Equal Credit Opportunity Act.
June 13 -
At a preliminary injunction hearing seeking to determine whether two sidelined appointees are shielded by removal protections, a federal judge pressed both sides on whether the independent credit union agency exercises executive power.
June 13 -
As the crypto-friendly GENIUS Act winds its way through Congress, executives at some of the nation's largest banks are showing a newfound enthusiasm for stablecoins.
June 12 -
Reports that the White House is considering naming Treasury Secretary Scott Bessent as the next chair of the Federal Reserve have raised eyebrows and speculation in Washington — especially in an administration with a penchant for assigning cabinet secretaries multiple jobs.
June 12 -
As they rewrite the strategy document that guides their interest-rate decisions, Federal Reserve officials are trying to figure out how to embrace the labor market lessons learned before and during the pandemic.
June 12 -
The Senate voted 68-30 to invoke cloture on the GENIUS Act, which aims to regulate stablecoins, including backing from all Republicans and 18 Democratic lawmakers.
June 11 -
The past two Federal Reserve vice chairs for supervision failed to implement the final installment of the Basel III capital framework. Newly installed Vice Chair for Supervision Michelle Bowman is taking a new approach to the thorny question of bank capital.
June 11 -
The Trump administration plans to stop minting the one-cent coins early next year. Here are the potential consequences that banks and credit unions should prepare for.
June 11 -
The House Financial Services Committee passed a crypto oversight bill in a 32-19 vote, as well as several other bills bankers support, including one to curtail abusive trigger leads in mortgage lending, in a lengthy markup.
June 11