The National Association of Federally-Insured Credit Unions (NAFCU) is hosting its annual conference in Washington, D.C. today through September 13. Speakers will include opinion-leaders from Congress, NCUA, additional government agencies and the media, and will include HUD Secretary Ben Carson, SBA Administrator Linda McMahon, Vice President Pence’s Chief Economist, Mark Calabria (long-time housing reform advocate and former director of financial regulation studies at the Cato Institute) and House Committee on Financial Services Chair, Jeb Hensarling. … Continue Reading
Durbin amendment
Financial Choice Act slated for House floor vote during week of June 5
By Alan S. Kaplinsky on
Posted in Regulatory and Enforcement, Uncategorized
On May 26, the House of Representatives Committee on Rules announced that House members have until June 2 to propose amendments to the Financial Choice Act bill. The Chairman of the House Financial Services Committee, Jeb Hensarling, is expected to introduce an amendment to strike from the bill the provision which purports to repeal the Durbin Amendment. … Continue Reading
Director Cordray speaks
By Ballard CFS Group on
Posted in CFPB People, Regulatory and Enforcement
Two recent presentations by CFPB Director Richard Cordray strike me as being “blog-worthy.” First, Director Cordray reported to Congress that the CFPB received $180.2 million of funding from the Federal Reserve System in fiscal years 2010 and 2011 and received an additional $94.3 million in the first quarter of fiscal 2012 (the final quarter of calendar 2011).… Continue Reading