If you’re feeling déjà vu about the congressional housing policy news over the last 24 hours, you’re not alone. The question is whether this time around the carousel will drop us off in a different place. @brendanpedersen.bsky.social breaks down the latest: punchbowl.news/article/vaul...

Vault: Can housing break out of the doom loop?

If you’re feeling déjà vu about the congressional housing policy news over the last 24 hours, you’re not alone.

punchbowl.news

VAULT: President Donald Trump’s call for the passage of the 21st Century ROAD to Housing Act hasn’t knocked the House’s attempt to amend the Senate’s bill off track. @brendanpedersen.bsky.social has the latest on the housing push: punchbowl.news/article/vaul...

Vault: House grinds on housing, Senate be damned

Trump’s call for the passage of the 21st Century ROAD to Housing Act hasn’t knocked the House’s attempt to amend the Senate’s bill off track.

punchbowl.news

VAULT: Sen. Elizabeth Warren told SEC Chair Atkins she believed the regulator may have “deliberately” misled the Banking committee over the agency’s FY2025 enforcement figures, according to a letter sent on Thursday. @brendanpedersen.bsky.social got the letter: punchbowl.news/article/vaul...

Vault: Warren thinks SEC chair misled Congress

Sen. Elizabeth Warren (D-Mass.) told SEC Chair Paul Atkins she believed the regulator may have “deliberately” misled the Senate Banking Committee.

punchbowl.news

First in the VAULT: The Treasury Department has begun quietly asking private credit firms to submit information detailing their business models and ties to the regulated financial system. @brendanpedersen.bsky.social has the scoop: punchbowl.news/article/vaul...

Vault: Treasury quietly asks private credit firms for data

Treasury has begun quietly asking private credit firms to submit information detailing their business models and ties to the regulated financial system.

punchbowl.news

Rep. Maxine Waters knows you have questions about her age. Her health. Her ability to lead Financial Services if Dems take control of the chamber after the midterms — and she says bring it on. @brendanpedersen.bsky.social spoke with Waters about term limits and more: punchbowl.news/article/hous...

Go ahead! Waters wants the question

Rep. Maxine Waters (D-Calif.) knows you have questions about her age. Her health. Her ability to lead the House Financial Services Committee.

punchbowl.news

I've had a trio of stories on goings on at the Office of the Comptroller of the Currency in the last day. Here's the latest: If you're a national bank and you have an outstanding MRA, there's a pretty good chance it's going away: news.bloomberglaw.com/banking-law/...

OCC Joins Fed Push to Trim Supervisory Red Flags Issued to Banks

The federal regulator overseeing national banks is reviewing confidential warnings it sent to lenders over operational deficiencies to ensure they align with the Trump administration’s focus on “mater...

news.bloomberglaw.com

VAULT: CFTC Chair Mike Selig all but declared war on state governments this week, announcing his federal agency would oppose efforts by state attorneys general to crack down on prediction markets. @brendanpedersen.bsky.social has the details: punchbowl.news/article/vaul...

Vault: The great CFTC reversal on prediction markets

CFTC Chair Mike Selig all but declared war on state governments this week, announcing his federal agency would oppose efforts to crack down on prediction markets.

punchbowl.news

I was checking around the CFPB a few weeks ago to see if the agency was still funding Vought's security. The folks I spoke with said it appeared that was no longer the case. And there you go. www.reuters.com/world/us/whi...

Exclusive: White House uses USAID funds for budget director Vought's security, documents show

The White House budget office is using millions of dollars from the former U.S. foreign aid agency to pay for the security detail of Russell Vought, President Donald Trump's budget chief and an archit...

reuters.com

THE VAULT: Once again, the “crypto Congress” is on the verge of collapse after the Senate Banking Committee punted a landmark crypto markup that was scheduled to happen this morning. @brendanpedersen.bsky.social has the latest: punchbowl.news/article/vaul...

Vault: Banking punts major crypto markup

Once again, the “crypto Congress” is on the verge of collapse thanks to the U.S. Senate.

punchbowl.news

NEWS in THE VAULT: A collection of tribal governments and other groups are mounting a year-end push for federal regulators and lawmakers to crack down on the “unregulated” prediction markets industry. @brendanpedersen.bsky.social has the details: punchbowl.news/article/vaul...

Tribal advocates push for prediction market crackdown

A collection of tribal governments and other groups are mounting a push for regulators and lawmakers to crack down on the prediction markets industry.

punchbowl.news

News in THE VAULT: House Financial Services Chair French Hill pulled out of bipartisan NDAA talks that would’ve boosted the CDFI Fund — blindsiding the other three corners. @brendanpedersen.bsky.social has the details: punchbowl.news/article/vaul...

Hill upends defense talks on CDFIs

Rep. French Hill walked away from another set of financial policy talks tied to the annual defense authorization package, according to multiple people familiar.

punchbowl.news

THE VAULT: The penny was declared dead this week at the age of 232-years-old, courtesy of the Trump administration. Now it’s Capitol Hill’s turn to pick up the tab. Because the penny hasn’t gone quietly. More from @brendanpedersen.bsky.social — punchbowl.news/article/vaul...

Painful penny politics

The penny was declared dead this week at the age of 232-years-old, courtesy of the Trump administration.

punchbowl.news

News in THE VAULT: It’s fintech, crypto and retailers vs. the banks. Today’s the deadline for comments on the Biden-era open banking rules and a sweeping industry coalition is urging the CFPB not to narrow or water them down. More from @brendanpedersen.bsky.social — punchbowl.news/article/vaul...

It’s everybody versus the banks on financial data rights

The FTA has assembled a sweeping coalition of fintech, crypto and merchant groups to try to preserve the legal framework that undergirds “open banking.”

punchbowl.news

THE VAULT: Banks want Congress to reopen the GENIUS Act to clamp down on stablecoin “rewards.” But key senators say they’re not relitigating yields. For now, Washington’s siding with crypto. 📝: @brendanpedersen.bsky.social — punchbowl.news/article/vaul...

Key senators leery of stablecoin yield redux

The banking industry wants the Senate to re-open the GENIUS Act, imposing further limits on the yields paid out to consumers on their stablecoins.

punchbowl.news

It looks like President Donald Trump is going to get his way on crypto. House leaders are planning a hybrid approach to advancing crypto legislation after a week of hand-wringing and positioning. @brendanpedersen.bsky.social with more: punchbowl.news/article/fina...

The House slouches toward crypto floor votes

The House will host a single procedural vote to advance the GENIUS Act and the CLARITY Act to the floor as soon as the week of July 7

punchbowl.news

There’s a bipartisan hunger in Congress for lower interest rates. As Republicans step up their attacks on Fed Chair Jay Powell, Democrats are pushing for rate cuts themselves. @brendanpedersen.bsky.social with more: punchbowl.news/article/fina...

Democrats want Powell to cut rates, too

There’s a bipartisan hunger in Congress for lower interest rates. As Republicans step up their attacks on Fed Chair Jay Powell, Democrats sound sympathetic.

punchbowl.news

Competing visions of American digital asset policy will go head-to-head this week. One is headed by the president, the other led by a former banker from Arkansas. @brendanpedersen.bsky.social with more: punchbowl.news/article/fina...

The Senate’s first-ever move to incorporate digital assets into the regulated financial system disintegrated on Thursday. The political landscape has changed with this failed vote — and not in crypto’s favor. @brendanpedersen.bsky.social with more: punchbowl.news/article/fina...

Three things we learned from crypto’s Senate flop

The Senate’s first-ever move to incorporate digital assets into the regulated financial system disintegrated on Thursday.

punchbowl.news

From THE VAULT: The GOP’s tax bill hits prime time, Rep. Neal details House Dems’ strategy for the tax markup, the three things we learned from crypto’s Senate flop and more. Laura and @brendanpedersen.bsky.social in the Lookahead: punchbowl.news/archive/5112...

Subscribe to Punchbowl News Premium

punchbowl.news

More news via Punchbowl News' Texts: Democrats are planning to walk out of a joint hearing scheduled for tomorrow. House Ag and finserv plan to discuss changes to the market structure of crypto regulation. Democrats say House rules allow them to halt proceedings by denying UC

Scoop: Thune told offices the Senate is moving full steam ahead on a floor vote of the GENIUS Act this week, despite opposition from a key bloc of Democrats. First in PBN texts. Republican leadership wants to call Democrats' bluff on stablecoins... if it is a bluff. May not be

From THE VAULT: The House GOP struggles to cut deals as the reconciliation clock races, crypto has a Senate Democrat problem and the latest Canvass poll on crypto reforms is in. Laura and @brendanpedersen.bsky.social in the Lookahead: punchbowl.news/archive/5425...

Subscribe to Punchbowl News Premium

punchbowl.news

Some news in our AM edition: Republicans on the House Financial Services Committee conferenced last night to discuss their approach to reconciliation. On the chopping block: The CFPB, PCAOB and up to $5 billion in cuts, depending on CBO scoring

From THE VAULT: It’s tax writing time, the medical debt CRA deadline is looming, it’s one helluva time for a monetary policy task force, we share the latest on K Street and more. Laura and @brendanpedersen.bsky.social in the Lookahead: punchbowl.news/archive/4132...

Subscribe to Punchbowl News Premium

punchbowl.news

The Biden-era director of the Consumer Financial Protection Bureau was fired in February. Two months later, Rohit Chopra may be on the verge of scoring a surprising political triumph in the Trump era. @brendanpedersen.bsky.social with more: punchbowl.news/article/fina...

Medical debt CRA deadline looms with problems ahead

One of Chopra’s last acts at the CFPB was finalizing a rule that eliminated medical debt from consumer credit reports.

punchbowl.news

From THE VAULT: Inside Republicans’ next moves to write the tax bill, the credit union lobby’s $12M Capitol Hill townhouse overhaul, this week’s hot tax topics on K Street and more. Laura and @brendanpedersen.bsky.social in this week's Lookahead: punchbowl.news/archive/3925...

Subscribe to Punchbowl News Premium

punchbowl.news

News: House Republicans have developed a new strategy for cutting the budget of the Consumer Financial Protection Bureau. The approach is distinct from prior attempts, designed to work w/ reconciliation and could gut the CFPB budget while dodging the Senate filibuster. Read >>>

Punchbowl News@punchbowlnews.bsky.social · 2y ago

Less than a week into the second Trump administration, the fight over the future of the Consumer Financial Protection Bureau is already here. @brendanpedersen.bsky.social with more: punchbowl.news/article/fina...

Less than a week into the second Trump administration, the fight over the future of the Consumer Financial Protection Bureau is already here. @brendanpedersen.bsky.social with more: punchbowl.news/article/fina...

Knives are out for CFPB. This time will be different.

Less than a week into a second Trump administration, the fight over the future of the Consumer Financial Protection Bureau is already here.

punchbowl.news

Senate Banking Committee Chair Tim Scott and House Financial Services Committee Chair French Hill have a lot of preferences in common, but their styles as lawmakers are very different. @brendanpedersen.bsky.social details their approaches to down-dais leadership: punchbowl.news/article/fina...

One emerging style gap between Scott and Hill

Senate Banking Committee Chair Tim Scott and HFSC Chair French Hill have a lot of preferences in common, but their styles as lawmakers are very different.

punchbowl.news

Interesting group for folks tracking crypto influence in this Congress: - Bynum beat a Fairshake-backed GOP candidate in November, a rare defeat for crypto in '24 - Fields appears to have made no public statements re crypto - Liccardo is a crypto ally.

Brendan Pedersen@brendanpedersen.bsky.social · 2y ago

House Democrats are adding three members to their roster on the Financial Services Committee, according to two people familiar with the decision. Those members are Reps. Janelle Bynum (Ore.) Cleo Fields (La.) and Sam Liccardo (Calif.). Welcome, newbies!