20/20 Vision

Red Herring from FSOC Gets Hearing at SBC (March 15)

Update 338 — “Activities-Based” Designation: Red Herring from FSOC Gets Hearing at SBC With April Fool’s Day coming up, one might believe a Trump Treasury proposal seeks greater regulatory focus on systemically risky financial activity, were one to read last week’s FSOC proposal (Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies).  But …

Red Herring from FSOC Gets Hearing at SBC (March 15) Read More »

House Passes H.R. 1 by 234-193 (March 8)

Update 336: House Passes H.R. 1 by 234-193 No Ds Dissent; Long March Ahead in Senate Earlier today, the U.S. House of Representatives passed H.R. 1, a comprehensive political reform measure that would greatly expand ballot access, help level the campaign finance playing field, and codify ethics rules across all branches of government.  The vote …

House Passes H.R. 1 by 234-193 (March 8) Read More »

Fed Chair Powell Cites Concerns, Holds Rates in Place (February 28)

Update 334: Hitting Hill for Humphrey-Hawkins;Powell Cites Concerns, Holds Rates in Place This Tuesday and yesterday, Federal Reserve Chairman Jerome Powell appeared before Senate and House Committees to report, as the Fed Chair does semi-annually, on the state of the economy and monetary policy.  In his July 2018 testimony, Chairman Powell painted a picture of …

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The BB&T/SunTrust Merger (February 21)

Update 332 — The BB&T/SunTrust Merger:  Bank Consolidation Gains, Thanks to S. 2155? Virtually every major sector and industry in the American economy has seen increasing concentration and reduced competition over the last several decades and banking is no exception. Trump era deregulation has accelerated this trend and last year’s S. 2155 and its implementing …

The BB&T/SunTrust Merger (February 21) Read More »

House Fin. Services Drilldown (February 11)

Update 330 — House Fin. Services Drilldown: Subcommittee Chairs, Members, Agendas Chairwoman Maxine Waters and the House leadership have announced assignments for House Financial Services Subcommittee seats in the 116th Congress.  No less than a dozen freshmen, including Alexandria Ocasio-Cortez of New York and Katie Porter of California, have landed spots on prominent subcommittees, such as …

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Survey of Public Banking (February 6)

Update 329 — Access to Financial Services:Survey of Public Banking Bills in Congress Before long, the winter will lift and we will see a thousand flowers bloom in the marketplace of policy ideas over the spring, with the first official presidential primary debates to follow in June. Among the most far-reaching economic policy proposals surfacing …

Survey of Public Banking (February 6) Read More »