Politics

Banks fear SEC rule may limit access to capital markets

The American Bankers Association, Bank Policy Institute and Securities Industry and Financial Markets Association submitted comment letters to the Securities and Exchange Commission arguing that a proposed change to Form S-3 eligibility would make it more difficult for some banks to access the capital markets.

By Maria Volkova
Reporter
National Mortgage News

Republicans ask CFPB’s Vought how to curb agency’s power

At a House hearing last week, GOP lawmakers asked Russell Vought, the acting director of the Consumer Financial Protection Bureau, for advice on how to craft legislation to permanently change the CFPB's authority. The hearing highlighted a consensus among Republicans that administrative policy rollbacks are not enough.

By Kate Berry
Reporter
American Banker