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News & Headlines

Senate Votes to Overturn CFPB Indirect Auto Lending Guidance

The Senate yesterday employed a little-used legislative procedure to reverse the Consumer Financial Protection Bureau’s 2013 guidance on indirect auto lending.

Agencies Issue Warning about Russian Cyberattacks

In a joint technical alert issued yesterday, the Department of Homeland Security, the FBI and the United Kingdom’s National Cyber Security Centre warned of malicious Russian cyber activity targeting government and private-sector entities.

House Passes Bill to Simplify Volcker Rule, Exempt Smaller Banks

By a bipartisan vote of 300 to 104, the House on Friday passed H.R. 4790, a bill introduced by Reps. French Hill (R-Ark.), Bill Foster (D-Ill.), Randy Hultgren (R-Ill.) and Josh Gottheimer (D-N.J.) that would simplify the Volcker Rule.

Two Bipartisan Bills Pass The House

Yesterday, the U.S. House passed two more bipartisan bills from the Financial Services Committee that improve stress test requirements for banks and reform the designation process for nonbank financial institutions.