Author Archives: Monica C. Meinert

Hensarling: Choice Act to ‘Remove Bureaucrats from the Boardroom’

If passed, the Financial Choice Act will serve as a “deregulatory life preserver” for community banking institutions, said the bill’s architect, House Financial Services Committee Chairman Jeb Hensarling (R-Texas), in remarks at the American Bankers Association’s Government Relations Summit this morning.

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Sen. Brown Hopeful that Days of Banking Committee ‘Dysfunction’ Over

In remarks to the general session of ABA’s Government Relations Summit today, Senator Sherrod Brown (D-Ohio) said that “the days of the Senate Banking Committee and its dysfunction and its less-than-busy work ethic, I hope, are behind us,” expressing his optimism for bipartisan cooperation as Congress pursues pro-growth policies.

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DOJ Reverses Position on CFPB Structure in Amicus Brief

In an amicus brief filed in the case of PHH Mortgage v. Consumer Financial Protection Bureau on Friday, the Department of Justice reversed its position on the constitutionality of the CFPB’s structure, asserting that the Bureau’s structure with a single director removable only “for cause” should be invalidated.

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