Mark Schoeff Jr.

Washington, D.C.

Financial Services and Financial Technology Reporter at Roll Call

I am the financial services reporter at CQ Roll Call in Washington. Grew up in Ft. Wayne, Ind. Proud to be a Hoosier by birth and a Boilermaker by choice.

Articles

With Democrats in support, Senate crosses hurdle on stablecoins

2 weeks ago | rollcall.com | Mark Schoeff Jr.

The Senate crossed a procedural hurdle on a stablecoin bill Monday, mustering enough Democratic supporters to get to the 60-vote threshold needed to invoke cloture on a motion to proceed to the bill despite the opposition of the Senate Banking Committee’s ranking member. The 66-32 vote drew support from 16 Democrats, including a handful from the Senate Banking Committee who supported the bill in committee, but who defected in a May 8 cloture vote on a motion to proceed.
McKernan, in limbo as CFPB nominee, to get a shot at Treasury

4 weeks ago | rollcall.com | Mark Schoeff Jr.

Jonathan McKernan has become a White House favorite for financial regulatory positions. The Senate has yet to act on McKernan’s nomination to become director of the Consumer Financial Protection Bureau, but the Treasury Department said Friday that President Donald Trump intends to tap him to serve as undersecretary for domestic finance.
Stablecoins bill faces hurdle after Democrats withdraw support

1 month ago | rollcall.com | Mark Schoeff Jr.

Senate Democratic defections from a bipartisan stablecoins bill could become a procedural hurdle as Republicans try to bring the measure to the floor, possibly as early as this week. Four Democrats on the Senate Banking Committee who voted on March 13 to approve legislation that would facilitate issuance of stablecoins — digital currencies pegged to a reserve asset, in this case, the U.S. dollar — said over the weekend they wouldn’t vote for a revised bill released on May 1.
Judge blocks latest attempt to slash CFPB

1 month ago | rollcall.com | Mark Schoeff Jr.

A federal judge said Friday she would block planned mass firings at the Consumer Federal Protection Bureau.
John LaFalce, New York Democrat who shaped financial legislation, dies at 85

1 month ago | rollcall.com | Mark Schoeff Jr.

John LaFalce, a longtime Democratic congressman known for forging consensus across the aisle on financial issues, died April 11 at the age of 85. LaFalce served his western New York district from 1975 until his retirement in 2003. He chose not to run for reelection when his district was combined with that of another Democrat.
Senate confirms Atkins as SEC chair

1 month ago | rollcall.com | Mark Schoeff Jr.

The Senate voted, 52-44, Wednesday to confirm Paul Atkins as the next chair of the Securities and Exchange Commission. Atkins is expected to be friendlier toward the financial industry than the previous SEC chair, Gary Gensler. A Biden administration appointee, Gensler drew strong criticism from Republicans and many Wall Street firms and trade groups for pursuing what they called a too aggressive and expansive agenda.
GOP Embraces Atkins for SEC Chair, While Dems Doubt His Judgment

2 months ago | cpapracticeadvisor.com | Mark Schoeff Jr. |Jason Bramwell

By Mark Schoeff Jr.CQ-Roll Call(TNS)WASHINGTON - Senate Banking Committee Democrats looked to Paul Atkins' past to question whether he's the right person to take over the Securities and Exchange Commission, while Republicans looked forward at a hearing Thursday to a new leader who will change how the agency conducts rulemaking and oversight. Atkins, a former SEC commissioner and a longtime financial industry consultant, was tapped by President Donald Trump to be the next SEC chair.
Democrats doubt Atkins’ judgment; GOP embraces him for SEC chair

2 months ago | rollcall.com | Mark Schoeff Jr.

Senate Banking Committee Democrats looked to Paul Atkins’ past to question whether he’s the right person to take over the Securities and Exchange Commission, while Republicans looked forward at a hearing Thursday to a new leader who will change how the agency conducts rulemaking and oversight. Atkins, a former SEC commissioner and a longtime financial industry consultant, was tapped by President Donald Trump to be the next SEC chair.
Senate confirms Chavez-DeRemer for labor secretary

2 months ago | thebrunswicknews.com | Mark Schoeff Jr.

By Mark Schoeff Jr., CQ-Roll Call WASHINGTON - Several Senate Democrats joined almost every Republican to confirm Lori Chavez-DeRemer, 67-32, as labor secretary Monday. Chavez-DeRemer, a former one-term Republican House member from Oregon, overcame misgivings from some Republicans over her co-sponsorship of legislation in the last Congress that would have made it easier for workers to join a union.
Senate confirms Chavez-DeRemer for labor secretary

2 months ago | arcamax.com | Mark Schoeff Jr.

WASHINGTON — Several Senate Democrats joined almost every Republican to confirm Lori Chavez-DeRemer, 67-32, as labor secretary Monday. Chavez-DeRemer, a former one-term Republican House member from Oregon, overcame misgivings from some Republicans over her co-sponsorship of legislation in the last Congress that would have made it easier for workers to join a union. She backed away from the bill during her Feb.