Updates | The Week of October 23, 2017
Eve Levin // 10/31/17 //
Raising the threshold for strict regulation from $50 billion to $250 for banks under the Dodd-Frank Wall Street Reform and Consumer Protection Act could lead to another financial crisis, writes Sen. Elizabeth Warren at the Hill.
President Trump has largely settled on nominating either Jerome Powell or John Taylor to be the next chairman of the Federal Reserve (WaPo).
Vice President Pence broke a tie in the Senate to repeal a Consumer Financial Protection Bureau rule limiting the use of mandatory arbitration agreements (CFPB Monitor, The Hill, WaPo).
- The Department of the Treasury issued a report criticizing rule (The Hill).