Items Tagged with 'CHOICE Act'

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Rep: Here’s why Dodd-Frank needs to be rolled back

Too-big-to-fail efforts saved Wall Street but hurt small lenders
Taking a different approach than other Republicans on why Dodd-Frank needs to be reformed, Rep. David Kustoff, R-Tenn., penned a commentary for CNBC, explaining how the act has stifled the American Dream. To him, Dodd-Frank might have saved Wall Street from collapse, but it has also handcuffed community banks, regional banks, credit unions and other lenders.
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Republicans propose drastic overhaul of Dodd-Frank and CFPB

CHOICE Act 2.0 switches stance on structure of CFPB leadership
Following through on promises made by President Donald Trump, leading Congressional Republicans unveiled a new replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act. The new proposal goes further than previous Republican efforts to overhaul Dodd-Frank. Here's a look at the more aggressive version of the Financial CHOICE Act, which includes drastic changes for the Consumer Financial Protection Bureau.
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Representative Hill: Here's what the defenders of the CFPB ignore

The CFPB is "actually harming consumers"
As the controversy around the embattled Consumer Financial Protection Bureau heightens, more representatives are stepping outside of the beltway to speak directly to their constituents about the constitutionality and functionality of the bureau. Rep. French Hill, R-Ark., is the latest representative to pen a commentary on the need for the agency to be reined in.
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Monday Morning Cup of Coffee: Representative continues attack on CFPB in local op-ed

Plus, who is the man behind reforming Fannie Mae and Freddie Mac?
Rep. Ann Wagner, R-Mo., doubled down in her battle to unseat Consumer Financial Protection Bureau Director Richard Cordray and overhaul the bureau in a guest commentary for her local newspaper. Meanwhile, looking at another controversial part of Washington, Fannie Mae and Freddie Mac meet the man in charge of reforming them. All of this and more gets unpacked in this week's Monday Morning Cup of Coffee.
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[Video] Rep. Hill: It's a good time to reassess the impact of Dodd-Frank

Echoes recent comments from Hensarling
In light of President Donald Trump’s budget proposal, House Financial Services Committee Majority Whip French Hill, R-Ark., went on record about his thoughts on the HUD budget. Included in his interview, Hill gives his thoughts on regulatory reform, echoing recent comments from the chairman of the House Financial Services Committee.
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Say goodbye to the controversial CFPB consumer complaint database?

Leaked memo: CHOICE Act 2.0 may shut it down
The Consumer Financial Protection Bureau’s controversial consumer complaint database might not have much life left. Last week, a memo reportedly from the House Financial Services Committee Chairman revealed plans for an even more aggressive version of the Republican-crafted Financial CHOICE Act, and one item included in the plans is the elimination of the consumer complaint database.
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