Congress Passes and President Signs Bill Slashing CFPB Budget
Congress Passes and President Signs Bill Slashing CFPB Budget Last week, Congress passed and President Trump signed the “Big, Beautiful Bill,” the tax and budget package that the legislative branch has been debating for months. One provision of the bill cuts funding...
Alaska Governor Vetoes Rate Cap Bill
Alaska Governor Vetoes Rate Cap Bill Alaska Governor Mike Dunleavy has vetoed a bill that would have capped interest rates for consumer loans up to $25,000 at 36 percent, which opponents of the legislation say would have drastically limited credit access in the state....
Senate Parliamentarian Says Budget Bill Can’t Cut CFPB Funding
Senate Parliamentarian Says Budget Bill Can’t Cut CFPB Funding As Congress continues to hammer out the details of the tax and spending package passed by the House in May, Senate Parliamentarian Elizabeth MacDonough recently ruled that the Republicans’ attempt to...
Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits
Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits Last week, the U.S. Senate voted to repeal the final rule from the Consumer Financial Protection Bureau (CFPB) to cap rate fees. The Senate passed Banking Committee Chairman Tim Scott’s...
