Items Tagged with 'Senate Banking Committee'


  • Senate postpones vote for next CFPB director

    New date yet to be determined
    The Senate Banking Committee was set to vote Thursday on the confirmation of the next director of the Consumer Financial Protection Bureau but announced suddenly that it would postpone its vote. The new date for the vote is still to be determined.
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  • Senate slams CFPB director nominee Kraninger in hearing

    But gets few answers
    Last month, President Donald Trump nominated Office of Budget and Management Deputy Kathy Kraninger as the next director of the CFPB. Thursday, Kraninger appeared before the Senate Committee on Banking, Housing and Urban Affairs for her nomination hearing. As expected, the hearing had its share of controversy. Here’s what was – and wasn't – said.
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  • Senate looks to fix “broken” credit reporting system

    Here are some actions Congress can take
    The Senate Committee on Banking, Housing and Urban Affairs held a hearing Thursday morning on “An Overview of the Credit Bureaus and the Fair Credit Reporting Act,” where Senators on both sides of the aisle expressed their concern over the current “broken” credit reporting system. Here are some of their solutions to fix it.
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  • Senate Banking Committee approves Powell to lead Fed

    All but one Senator voted for his nomination
    As expected, the Senate Banking Committee overwhelmingly approved Jerome Powell Tuesday to lead the Federal Reserve. All the panel’s Republican and Democrat members voted for Powell except one single Democrat, and now, this bipartisan support all but seals Powell’s future as Federal Reserve Chair.
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  • Senate Banking Committee introduces repeal of Dodd-Frank Act

    Housing industry stands in support of bill
    The Senate Banking Committee is set to begin its repeal of the Dodd-Frank Act, changing key aspects with a bill sponsored by Banking Committee Chairman Mike Crapo with nearly 20 co-sponsors on both sides of the aisle. But while most members of the housing industry support the bill, some say it encourages the finance industry to engage in the type of reckless lending that caused the Great Recession.
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  • Senate Banking Committee approves Brian Montgomery to lead FHA

    Votes to send nomination to full Senate vote
    Brian Montgomery is now one step closer to leading the Federal Housing Administration for the second time. On Tuesday, the Senate Banking, Housing, and Urban Affairs Committee advanced Montgomery’s nomination to serve as FHA commissioner by an 18-5 margin.
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  • OCC nominee will fight against affordable housing budget cuts

    Otting wants to keep around Neighborhood Reinvestment Corporation
    Affordable housing groups were dealt a terrible hand in President Donald Trump’s budget proposal, with one of the biggest groups, the Neighborhood Reinvestment Corporation, getting cut completely. However, after listening to the Senate Banking Committee’s hearing on Thursday on the nomination of Joseph Otting to serve as the next Comptroller of the Currency, all hope is not lost for the affordable housing group.
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