Two cases challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB) may require the U.S. Supreme Court to resolve conflicts between earlier decisions reached by judges in lower courts.
The Federal Reserve and Trump administration agencies will solicit public comments on a proposed change to the Volcker Rule, a provision of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010, commonly referred to as “Dodd-Frank.”
Vatican Criticizes Banking, Calls for ‘New Economy’
The Vatican’s Congregation for the Doctrine of the Faith and Dicastery for Promoting Integral Human Development published a magisterial teaching calling for governments to increase financial regulation.
Time ran out for a proposed bill to require Oregon local governments to complete neighborhood zoning reviews in a timely manner. The Oregon House of Representatives Subcommittee on Natural Resources held up the bill until the legislature adjourned.
The U.S. House of Representatives has approved a bill that would ease federal restrictions on banks, reduce the cost of regulatory compliance, and relax some federal government controls over banks and financial services.
The government of Puerto Rico, a territory of the United States in the Caribbean Sea, began negotiating with bondholders in federal court to discharge approximately $123 billion in public debt and unfunded pension liabilities.
Following the implementation of a ban on tobacco and e-cigarette use in Novato, California in January, lawmakers in neighboring cities are considering similar bans on tobacco and e-cigarette use in public and private spaces.
Democratic Party members of the U.S. House of Representatives are urging committee chairmen to stall the progress of House Resolution 10, the Financial CHOICE Act, after the House Financial Services Committee voted in April to allow the bill to proceed.
White House Press Secretary Sean Spicer says President Donald Trump supports “a 21st century Glass-Steagall,” referring to proposals to restore financial regulations prohibiting banks from engaging in commercial and investment banking.