Items Tagged with 'Republican Party'

ARTICLES

  • Wells Fargo's latest fake account revelation proves why the CFPB must survive

    Republicans want less financial regulation, but they're wrong
    [Op-Ed] Wells Fargo’s latest revelation is the straw that broke my back. I’ve talked to enough people who work in the housing business to know that the CFPB made their lives much harder. I get why they hate the CFPB. I really do. But, I can’t just sit back and watch all of the financial regulation borne out of the financial crisis get undone. Situations like Wells Fargo show why the CFPB must exist.
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  • House Republicans move to repeal new CFPB arbitration rule

    Effort to rescind rule coming soon in Senate as well
    In the wake of the Consumer Financial Protection Bureau unveiling a new rule to ban companies from using mandatory arbitration clauses, Sen. Tom Cotton, R-Ark., immediately announced that he was launching an effort in the Senate to rescind the rule, stating that the CFPB has “gone rogue again” and is “abusing its power.” Now, Republicans in the House of Representatives are joining their Senate colleagues in moving to repeal the CFPB’s controversial rule.
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  • McConnell throws cold water on Republican Dodd-Frank repeal efforts

    Senate Majority Leader tells Bloomberg: "I'm not optimistic"
    The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, may enjoy the support of the House Financial Services Committee, the Trump administration, and even President Donald Trump himself, but the Senate’s top Republican said this week that he believes that the bill may never make it to President Trump’s desk.
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  • Senate Republicans unveil bill to replace CFPB director with committee

    Will the third time be the charm?
    Sens. Deb Fischer, R-Nebraska; John Barrasso, R-Wyoming; and Ron Johnson, R-Wisconsin, introduced a bill this week that would replace the single director of the CFPB with a five-member bipartisan committee, a change the Republican Party has long pushed for. According to Fischer's office, this is actually the third version of this bill, which she previously introduced in 2015 and 2016 to no avail. But will the third time be the charm?
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  • Elizabeth Warren pledges to fight Trump, Republicans on Dodd-Frank, CFPB

    CFPB architect: Big banks cannot be 'turned loose' on U.S. economy
    Just in case anyone thought that the Democratic Party plans to stand idly by while President-elect Donald Trump and the Republican Party move to undo many of the financial reforms of the last eight years, one of its most outspoken members pledged this week to fight Trump and the Republicans every step of the way.
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  • What's next now that Republicans control the Presidency and Congress?

    Are Dodd-Frank and the CFPB on the chopping block?
    While much of the country’s attention is focused on the seemingly unexpected election of Donald Trump, it shouldn’t be lost that the Republican Party also maintained its control of the House of Representatives and the Senate in this election. Now one party will control the legislative and executive branches of the government for at least the next two years. So what does that mean for the financial services industry, given the seismic changes the industry has seen in the last eight years?
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  • Donald Trump's childhood home up for auction

    But is the famous connection helping it sell?
    Before he became the Republican presidential candidate or a real estate guy, Donald Trump grew up in a significantly smaller home in Queens in New York City. However, the famous connection might not be doing anything to help the home sell.
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  • Congress set to consider Republican plan to abolish Dodd-Frank

    House Financial Services Committee will debate Financial CHOICE Act next week
    House Financial Services Committee Chairman Rep. Jeb Hensarling, R-TX made waves earlier this year when he announced a Republican-crafted plan to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act and replace it with a “pro-growth, pro-consumer” alternative. Now, the Financial CHOICE Act is about take one step closer to becoming reality.
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  • Donald Trump talks housing (and everything else) in speech to homebuilders

    Republican nominee plays to the crowd, touches on housing and homebuilding
    Republican presidential nominee Donald Trump spoke Thursday to the National Association of Home Builders. And in a wide-ranging speech that touched on the Iraq War, the current political climate in the Middle East, and much more, Trump doubled down on his claim that Democratic nominee Hillary Clinton and President Obama are the "founders of ISIS." He even managed to mix in some housing talk as well.
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  • Monday Morning Cup of Coffee: Is housing talk finally coming to the 2016 election?

    A full rundown of all things housing in the race for the White House
    Well, we're smack dab in the middle of election season now, and housing is thus far, decidedly not on the agenda. But is that all about to change? While Republican nominee Donald Trump didn't touch on housing in his acceptance speech last week, the Republican Party platform does call for significant changes to the country's housing finance system. As for the Democrats, the party made two big moves over the weekend that could bring housing into the conversation.
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