Items Tagged with 'Financial CHOICE Act'


  • Trump talks Dodd-Frank: We’re going to cut regulations tremendously

    Trump discusses regulatory rollback in wide-ranging New York Times interview
    In an expansive, wide-ranging interview with the New York Times, President Donald Trump stated that he would not have selected Jeff Sessions to serve as attorney general if he knew that Sessions would recuse himself from the investigation into Trump's suspected ties to Russia. And while that proclamation seems to be grabbing all the headlines, Trump also discussed a number of other issues, including his administration's push to roll back Dodd-Frank and the administration's efforts to cut regulations "tremendously."
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  • Housing industry's largest trade groups want CFPB director replaced by bipartisan commission

    MBA, NAR, ALTA, ABA, NAFCU, others ask Congress for changes to CFPB
    More than 20 of the housing industry’s largest trade groups are calling on Congress to enact legislation that would change the leadership structure of the Consumer Financial Protection Bureau from a single director to a bipartisan commission. The groups say that a bipartisan commission would help provide a "balanced" approach to financial regulation and supervision.
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  • Is the Financial CHOICE Act DOA in the Senate?

    Moves to abolish Dodd-Frank
    House Financial Services Committee Chairman Jeb Hensarling’s, R-Texas, Dodd-Frank replacement is officially on its way to the Senate for a vote. But the odds that Financial CHOICE Act will pass through the Senate in one piece are not looking good. For starters, the bill received only partisan support so far.
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  • House votes to abolish Dodd-Frank

    Financial CHOICE Act moves to Senate
    The U.S. House of Representatives voted on Thursday to abolish the Dodd-Frank Wall Street Reform and Consumer Protection Act, passing a Republican-crafted replacement called the Financial CHOICE Act. From here, the act moves to the Senate for a vote, where it will likely struggle to succeed unless it garners more bipartisan support.
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  • Coalition of 20 state attorneys general urge Congress not to dismantle Dodd-Frank

    AGs of New York, California, Illinois, Massachusetts included
    While the House of Representatives is due to vote on the Financial CHOICE Act, the Republican-crafted plan to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act, at some point this week, a coalition of 20 state attorneys general is urging the House leadership to consider the implications of such a vote and its impact on the Consumer Financial Protection Bureau.
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  • The Financial Choice Act would be a disaster for Californians

    "The Wrong Choice Act"
    [Commentary] Less than ten years after our economy went into a free fall, Rep. Jeb Hensarling, R-Texas, chair of the House Financial Services Committee, has introduced legislation, innocuously named the Financial Choice Act that could throw our economy back into recession. Members of Congress face an important decision with this bill, which Democrats have nicknamed the “Wrong Choice Act.” Have representatives already forgotten about the financial crisis?
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  • Speaker of the House: 5 reasons to support the Financial CHOICE Act

    Act set to go before full House for debate Wednesday
    With the Financial CHOICE Act set to go for a vote before the full House of Representatives later this week, Speaker of the House of Representatives, Paul Ryan, R-Wis., chimed in on the discussion to explain why the act is so important. So far, the act only garnered partisan support, failing to gain a single Democrat vote in the Financial Services Committee.
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  • House set to vote on law to "dismantle" Dodd-Frank

    Don't say goodbye to the CFPB just yet...
    The Republican-led Financial CHOICE Act, which is the leading alternative to the Dodd-Frank Wall Street Reform and Consumer Protection Act, is officially set to go before the full House next week. But does it have a chance to pass the Senate? Here's where the legislation stands right now.
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