Golden Apple

July 15, 2016

House Panel Calls Shenanigans on FDIC Obstruction — FDIC Chairman Martin J. Gruenberg told the House Oversight & Government Reform Committee on Wednesday that the agency is taking action to encourage new bank charters and help groups apply for deposit insurance, but senior Committee members weren’t...

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July 8, 2016

House Passes Sweeping Financial Services Appropriations Bill — The House of Representatives approved its 2017 Financial Services and General Government Appropriations bill, which includes a wide range of provisions only tangentially related to budgets. The bill cuts funding overall by $1.5 billion from 2016 levels, and...

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June 24, 2016

Which Way is Out? — In a turbulent week of a turbulent year, no news is bigger than the UK’s vote yesterday to leave the European Union. More than 72% of eligible voters cast ballots, and 51.9% of those voted to leave, stunning policymakers and financial...

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June 17, 2016

House Panel Approves 12 Bills — The House Financial Services Committee marked up and passed 12 measures intended to boost economic growth and block terror activity yesterday. Of particular interest are: R. 4852, Rep. Scott Garrett’s Private Placement Improvement Act, which would exempt private funds from...

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June 10, 2016

It’s just a job. Grass grows, birds fly, waves pound the sand. I beat people up. - Muhammad Ali, 1942-2016 We all have our missions in life, and everybody did a lot of whatever it is they do this week. Except for Muhammad Ali, sadly, and...

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May 27, 2016

Happy getaway day — Washington feels it’s earned this three-day weekend. A lot of people will be gone all of next week, as both the House and the Senate are in recess, and some schools have already let their students out for the year. So this...

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May 20, 2016

CFPB Schedules Field Hearing on Small-Dollar Loans — The Consumer Financial Protection Bureau will hold a field hearing in Kansas City, MO on Thursday, June 2 to hear testimony from consumer groups, industry representatives and members of the public about small-dollar lending. The hearing will take...

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May 13, 2016

THE GOLDEN APPLE: Your report on the week’s discord from The Eris Group May 13, 2016 Treasury Calls for Oversight, Transparency in Marketplace Lending — As expected, the U.S Treasury Department released a white paper Tuesday that identifies trends and risks in online marketplace lending, and calls for...

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May 6, 2016

Expectations of a quiet week were disappointed, to put it mildly. Let’s get to it: CFPB Proposed Ban on Mandatory Arbitration Clauses — At a Consumer Financial Protection Bureau field hearing in Albuquerque yesterday, Director Richard Cordray announced a proposal to “ban consumer financial companies from using...

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April 29, 2016

This product is a compromise, and the nature of a compromise is that you don’t get everything you want- U.S. Senator Conrad Burns, 1935-2016   There At the Beginning — We’re personally grieved by the death of three-term former U.S. Senator Conrad Burns (R-MT) yesterday. Among other things,...

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