The Federal Reserve Board solicited feedback on whether to amend regulations on reserve requirements to lower the rate of interest paid on excessive balances maintained at FRB banks by eligible institutions.
Republican members of Congress filed an amicus brief supporting President Donald Trump and Acting CFPB Director Mick Mulvaney in a lawsuit challenging the President's appointment of Mr. Mulvaney as acting head of the CFPB.
The DOJ filed an amicus curiae brief in response to a recent D.C. Circuit Court Order granting a rehearing in PHH Corporation v. Consumer Financial Protection Bureau. The DOJ argued that the President has the legal authority to remove the CFPB director at will.