Tag: senate
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Kathy Kraninger Narrowly Approved by Senate Banking Committee in Split Party Vote
In her journey to become the next Director of the Consumer Financial Protection Bureau, Kathy Kraninger must win over the Senate. If the recent vote by the Senate Banking Committee is any indication of how that might go, it might end up in a narrow confirmation along party lines.
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Senate Votes to Rollback Dodd-Frank Regulations
This Wednesday the U.S. Senate passed a bill permitting rollbacks of banking regulations put in place by the Dodd-Frank Act of 2010 following the 2008 financial crisis. The draft legislation was approved by a 67-31 vote and must now pass through the House of Representatives.
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House Votes to Eliminate Dodd-Frank
Today, the House of Representatives voted to pass the Financial CHOICE Act of 2017; among its objectives, the act aims to restructure the Consumer Financial Protection Bureau (CFPB) into a consumer law enforcement agency and replace the Dodd-Frank Wall Street Reform and Consumer Protection Act.