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.”
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.
Lawyers for the U.S. Department of Justice (DOJ) filed an amicus brief opposing a decision by the Consumer Financial Protection Bureau (CFPB), switching sides in a lawsuit over the constitutionality of the structure of the independent government agency.