Representative Andy Ogles (R-TN) joined several Republican House members urging the CFPB to rescind a proposal to establish a nonbank registry and require financial institutions to register with the CFPB.
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House Financial Services Committee Chair Maxine Waters (D-CA) vowed action against Equifax following news reports accusing the credit bureau of providing inaccurate credit reports.
A bipartisan group of 47 members of Congress urged SEC Chair Gary Gensler to extend the comment period on its Private Funds Advisers and Form PF proposals to at least 90 days post-publication in the Federal Register.
The OCC "true lender rule" was removed from the Code of Federal Regulations, effective immediately.
President Joe Biden signed into effect the Senate and House of Representatives' joint disapproval of the Office of the Comptroller of the Currency’s "true lender rule." The action finalized repeal of the rule under the Congressional Review Act.