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Tag Archives: Senate Committee on Banking

Relief Bill to Ease Regulation for Economic Gains

On Monday, the Senate Banking Committee Chairman and Committee members, along with other senators, announced bipartisan proposals for a new regulatory relief bill in an effort to obtain economic growth and protection for American consumers, businesses, and the stability of the financial sector.

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White House Nominations Move Forward

Pamela Patenaude, current President of the J. Ronald Terwilliger Foundation for Housing America’s Families, appeared before the Senate Committee on Banking, Housing, and Urban Affairs for her nomination hearing Tuesday. If confirmed for Deputy Secretary of the Department of Housing and Urban Development, Patenaude pledged to ensure that HUD’s programs are responsive to the housing needs of U.S. citizens. President Trump confirmed rumors of Joseph Otting’s intended nomination for the Comptroller of the Currency.

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Watt & Mnuchin Tackle GSE Reform

On Thursday, both FHFA Director Melvin L. Watt and Treasury Secretary Steven T. Mnuchin separately addressed the current state of the GSEs. Though Mnuchin discussed the priority of housing finance and regulatory reform in front of the Senate, at an industry conference Watt described the many successes of the FHFA in the last nine years. Watt warned that reforms made during conservatorship should not be ignored by congress during the reworking of housing finance reform.

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