Claire Williams
@clairewilliams.bsky.social
Congress for American Banker
Why do I feel like the world is being run by men who read too man science fiction books and took away ideas instead of warnings
Osita Nwanevu@ositanwanevu.com · last yr.Editor creates an AI executive who is "an expert at building and scaling digital media companies." Decides within minutes that the AI is "one of the most knowledgeable and energetic colleagues" he's ever had. Asks the AI to create a headshot of itself. It does. He sexually harasses it immediately.
GOP's bank regulation CRA battle finds another front: the OCC bank merger guidelines www.americanbanker.com/news/exclusi...
Exclusive: Barr offers CRA resolution for OCC bank merger rule
House Financial Services Committee member Andy Barr, R-Ky., will introduce a Congressional Review Act resolution to nullify the Office of the Comptroller of the Currency's merger rule that went into e...
americanbanker.com
You ever just write something that ages like absolute milk www.americanbanker.com/news/caught-...
Caught between bankers and activists, can the CRA reform proposal make everyone happy?
Key divisions remain on the explicit inclusion of race and the strength of Community Reinvestment Act exams, but both sides are pleased with the promise of increased clarity and transparency.
americanbanker.com
Come hang out with me as I live blog the finreg nomination hearing! www.americanbanker.com/live-blog/oc...
OCC, SEC and Treasury confirmation hearing: Live coverage
The Senate Banking Committee will consider the nominations of Jonathan Gould to lead to Office of the Comptroller of the Currency, Paul Atkins to lead the Securities and Exchange Commission and Luke P...
americanbanker.com
You’re thinking of this place all wrong. The money’s not here. Your money’s in a Tornado mixer, that’s run right next to the data farm right outside of Sioux Falls. And then the loan that your neighbor used to pay for his burrito, and a cryptocurrency based off a cat meme and a hundred others.
Mark Cuban@mcuban.bsky.social · 2y agoYoung men don't open bank accounts. They are too expensive. They download coin base or Robinhood app and buy crypto. That's their savings If one party pushes that number higher. They vote for em. Gensler/Biden caused those savings to go down. The demo with the biggest change was young men
CDFIs have long enjoyed bipartisan support, but Trump's recent executive order could change that quickly. Here's what the order means for the industry, how much it likely applies to the CDFI fund and what lies ahead in the CDFI political battles www.americanbanker.com/news/hitting...
'Hitting bone': CDFI industry fears deep cuts under Trump
President Donald Trump's executive order severely limiting the Treasury's Community Development Financial Institution Fund has thrown the industry into confusion as financial companies try to quantify...
americanbanker.com
With this and with the VP being booed at the Kennedy Center, what these officials are finding is that once they’re out of their bubble, their constituents are angry with them.
Aaron Rupar@atrupar.com · 2y ago"I feel like this is not productive with everybody yelling at me" -- GOP Rep. Chuck Edwards at his town hall
The Senate Banking Committee hosts its first markup of the 119th Congress and it's a doozy. @clairewilliams.bsky.social expertly breaks down what is at stake in the debate over the #stablecoin regulation bill known as the GENIUS Act. www.americanbanker.com/news/the-gen...
Banks are pushing back against stablecoin legislation
As the Senate Banking Committee meets to consider landmark stablecoin legislation today, the banking industry is beginning to wake up to what some experts say is an existential threat.
americanbanker.com
In what could be a huge win for CFPB workers, a federal judge said she is likely to issue an injunction against the Consumer Financial Protection Bureau's new leadership that could prevent the Trump administration from taking actions to gut the agency www.americanbanker.com/news/judge-l...
Judge leans toward halting Trump CFPB actions
A federal judge said she is inclined to issue a preliminary injunction to stop the Trump administration dismantling the Consumer Financial Protection Bureau.
americanbanker.com
Blockbuster of a hearing today on the CFPB. Adam Martinez testified about the chaotic days after DOGE descended on the agency and his worries at the time, despite his earlier sworn declaration to the court that the transition was business as usual www.americanbanker.com/news/judge-w...
Judge weighs how 'normal' the Trump CFPB transition is
In a packed courtroom, a federal judge parsed whether the Trump administration's aggressive actions to rein in the Consumer Financial Protection Bureau are part of a "normal" transition of power or wo...
americanbanker.com
My god it’s like the worst version of alpha house
Justin Elliott@justinelliott.bsky.social · 2y agoNEW: Speaker Mike Johnson is living in a D.C. townhouse that is the center of an evangelical pastor’s secretive influence campaign — and the home is owned by a major GOP donor. www.propublica.org/article/mike... w/ @josh-kaplan.bsky.social @amierjeski.bsky.social
Personally, I think we should bring back jousting. Want to be an elite? You and your kids have to run at each other really fast on horses with big sticks
James Goodwin@jamesgoodwin.bsky.social · 2y agoHere's my new constitutional vision: The coordinate branches can be where elites fight among themselves (ideally towards some acceptable, stabilizing stalemate), while the administrative is where the rest of us work together to take care of ourselves
Paoletta sent an email to CFPB enforcement staff stating that Vought is "implementing new enforcement priorities." Enforcement staff were ordered to make no further contact with parties in litigation. Failure to abide by his instructions "constitutes insubordination" and risks termination.
Evan Weinberger@reporterev.bsky.social · 2y agoStory coming, but Russ Vought sent an email to CFPB employees instructing them not to do any agency work while the CFPB DC office is shut this week. Also, it appears that OMB General Counsel Mark Paoletta is serving as the CFPB's chief legal officer. He's got a CFPB email and everything.
I’m sorry did Thom Tillis just say he would be OK with an Aryan bank?
A former tech CEO is on a crusade to get the record of his arrest removed from the internet — suing a journalist for $25 million for truthfully reporting that the domestic violence arrest had occurred. sf.gazetteer.co/a-former-tec...
A former tech CEO is on a crusade to get the record of his arrest removed from the internet - Gazetteer SF
Former Premise Data CEO Maury Blackman is suing a journalist who publicized his domestic violence arrest for $25 million
sf.gazetteer.co
Follow along for live updates on Scott Bessent's confirmation hearing www.americanbanker.com/live-blog/sc...
Scott Bessent Treasury Secretary confirmation hearing: Live coverage
Hedge fund manager Scott Bessent, President-elect Donald Trump's pick for Treasury Secretary, will appear before the Senate Finance Committee for his confirmation hearing Thursday morning starting at ...
americanbanker.com
Not that Treasury Secretaries need to be from abject poverty, but Lindsey Graham is talking about Little River like it's not mostly golf clubs and wineries
Meet your new banking lawmakers (and maybe most interestingly, who isn't on a banking committee) www.americanbanker.com/list/meet-fo...
Meet four new lawmakers likely to have an impact on banking
Several crypto-friendly voices join the Senate Banking Committee from Nebraska and Ohio, while Democrats leave a banking policy expert off the House Financial Services Committee.
americanbanker.com
Unexpected plot twist in adulthood is being suddenly 100% on board with all the librarians who lectured us in middle school about how unreliable internet research is
Worth noting who is framed as creating the distraction in the framing of Barr’s resignation from Vice Chair for Supervision. Of course, it would be the President if he attempted to demote the VCS or remove him as Governor. Also, interesting implications for the conception of Fed independence.
Michael Derby@michaelsderby.bsky.social · 2y agoFed’s Barr to end his VC for supervision gig, nods toward incoming Trump admin, “ the risk of a dispute over the position could be a distraction from our mission. In the current environment, I've determined that I would be more effective in serving the American people from my role as governor.”
First in American Banker: Momentum picks up on deposit insurance reform. Rep. Maxine Waters, top Dem on the House Financial Services Committee, introduces a bill very similar to one from JD Vance that would up deposit insurance for non interest bearing accounts www.americanbanker.com/news/exclusi...
Exclusive: Deposit-insurance reform picks up steam with Waters bill
The proposal has similar elements to Republican-led legislation, including a piece of a measure from Vice President-elect JD Vance.
americanbanker.com
I am going to have to write about HFSC Chairman French Hill questioning FDIc Chairman Travis Hill on the Hill, aren’t I