Appeals Court Upholds Constitutionality of CFPB

A federal appeals court today upheld the constitutionality of the Consumer Financial Protection Bureau’s leadership structure -- a single powerful director who can be removed by the president only “for cause,” not at will -- reversing a three-judge panel’s decision in 2016.

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House Passes ABA-Backed ‘Living Will’ Reform Bill

The House today voted unanimously to pass the American Bankers Association-supported H.R. 4292, which would extend the submission cycle for large bank resolution plans -- also known as “living wills” -- to once every two years and require timely regulator feedback.

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FHFA Finalizes Fannie-Freddie Strategic Plan

The Federal Housing Finance Agency today issued its final 2018-2022 strategic plan for its oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks that stresses ensuring safety and soundness at the regulated entities; promoting liquidity, stability and access in the housing market; and managing the Fannie and Freddie conservatorships.

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