Claire Williams

Washington, D.C.

Congress and White House Reporter at American Banker

congress & white house @AmerBanker. Tar Heel. Aspiring cabin dweller

Articles

CFPB guts staff as White House tries to dismantle agency

1 week ago | americanbanker.com | Claire Williams |Kate Berry

WASHINGTON — The Trump administration began layoffs at the Consumer Financial Protection Bureau, with reduction in force notices sent to more than 1,400 employees just days after acting Director Russell Vought outlined ways to cut enforcement and supervision at the bureau. All offices at the agency were hit, led by enforcement, supervision, research, technology and fair lending, according to current and former employees who spoke on condition of anonymity and received the notices.
CFPB guts staff as White House tries to dismantle agency

1 week ago | today.westlaw.com | Claire Williams |Kate Berry

WASHINGTON — The Trump administration began layoffs at the Consumer Financial Protection Bureau, with reduction in force notices sent to more than 1,400 employees just days after acting Director Russell Vought outlined ways to cut enforcement and...
Exclusive: Cortez Masto offers bill to reform FHLBs

1 week ago | americanbanker.com | Claire Williams

WASHINGTON — Sen. Catherine Cortez Masto, D-Nev., is introducing a bill that would aim to focus the Federal Home Loan Banks more strongly on housing finance and community development, according to a copy of the text seen by American Banker. Cortez Masto, a member of the Senate Banking Committee, has made the FHLBs a centerpiece of her work on the committee.
Exclusive: Cortez Masto offers bill to reform FHLBs

2 weeks ago | today.westlaw.com | Claire Williams

WASHINGTON — Sen. Catherine Cortez Masto, D-Nev., is introducing a bill that would aim to focus the Federal Home Loan banks more strongly on housing finance and community development, according to a copy of the text seen by American Banker.
Bowman hedges on Fed independence questions

2 weeks ago | americanbanker.com | Claire Williams

WASHINGTON — Federal Reserve Gov. Michelle Bowman, President Donald Trump's nominee to be the Federal Reserve's top bank regulator, said that Fed's political independence is important, but declined to say whether she would insulate the bank regulation she pursues from the vetting by the Trump administration.
Fed VCS Bowman confirmation hearing: Live coverage

2 weeks ago | americanbanker.com | Kyle Campbell |Claire Williams |John Heltman

WASHINGTON — Federal Reserve Gov. Michelle Bowman will testify Thursday morning before the Senate Banking Committee for her confirmation hearing to serve as the central bank's vice chair for supervision, a position recently vacated by fellow Fed Gov. Michael Barr in February. Bowman's nomination to succeed Barr has been widely praised by the banking industry, which saw her as an accessible and reliable ally on regulatory matters during the Biden administration.
Exclusive: Barr offers CRA resolution for OCC bank merger rule

2 weeks ago | americanbanker.com | Claire Williams

WASHINGTON — Rep. Andy Barr, R-Ky., is introducing a resolution Thursday morning that would nullify the Office of the Comptroller of the Currency's updated rule on bank mergers. The OCC under former acting Director Michael Hsu finalized a rule in September that, among other things, eliminated an expedited review process for some bank mergers. The Congressional Review Act resolution introduced by Barr would unwind that rule, and prevent the OCC from pursuing a materially similar one in the future.
Exclusive: Barr offers CRA resolution for OCC bank merger rule

2 weeks ago | today.westlaw.com | Claire Williams

WASHINGTON — Rep. Andy Barr, R-Ky., is introducing a resolution Thursday morning that would nullify the Office of the Comptroller of the Currency's updated rule on bank mergers. The OCC under former acting Director Michael Hsu finalized a rule in...
Bowman hedges on Fed independence questions

2 weeks ago | today.westlaw.com | Claire Williams

WASHINGTON — Federal Reserve Gov. Michelle Bowman, President Donald Trump's nominee to be the Federal Reserve's top bank regulator, said that the Fed's political independence is important, but declined to say whether she would insulate the bank...
House votes to nullify overdraft, larger participant rules

2 weeks ago | americanbanker.com | Claire Williams

WASHINGTON — The House voted in favor of the Congressional Review Act resolutions to nullify the Consumer Financial Protection Bureau's larger participant rule and overdraft rule, sending them to the desk of President Donald Trump. The House voted 217-211 on Wednesday afternoon to overturn the overdraft rule, which would have capped overdraft fees at the largest banks at $5. The larger participant nullification vote passed by a tally of 219 - 211.