Evan Weinberger

From today's Senate Banking Committee hearing, Sen. Van Hollen asks Comptroller of the Currency Gould about the World Liberty trust charter application:

Gould: If you're suggesting the president would do anything inappropriate or illegal, then I reject that.

CVH: Oh I am suggesting that.

It was a great ending.

Yeah, but once it's public, it's public. So we can start the proxy fight.

Ignore the likelihood of Dolan opting for some sort of dual-share arrangement that gives him super voting powers, please.

All draft picks would have to be approved by shareholders.

Hold my calls!

We can launch a proxy fight to get Chris Drury fired.

I read it and...it seems like CEA wants to bring back pre-financial crisis mortgage lending? That can't be right, can it?

I genuinely don't understand it. Are they saying the qualified mortgage rule is raising costs on auto loans?

So $15 million...

When I did some reporting on the $4.7 million the CFPB coughed up for Vought's security to cover basically six months, professionals who oversaw details protecting former top US government officials said that was a staggering amount. Didn't say it was necessarily unwarranted, but that it was a lot.

Exclusive: White House uses USAID funds for budget director Vought's security, documents show The White House budget office is using millions of dollars from the former U.S. foreign aid agency to pay for the security detail of Russell Vought, President Donald Trump's budget chief and an archit...

I was checking around the CFPB a few weeks ago to see if the agency was still funding Vought's security. The folks I spoke with said it appeared that was no longer the case.

And there you go.

www.reuters.com/world/us/whi...

Federal Reserve to Drop Some Prior Demands on Banks to Fix Flaws The Federal Reserve has signaled to lenders it plans to abandon some of the confidential warnings it previously sent them to improve operations as Vice Chair Michelle Bowman continues to relax the cen...

The Fed is reviewing all outstanding supervisory concerns raised with the banks it oversees to ensure they conform with the Trump administration's focus on material financial risk in a win for Wall Street.

New from Katanga Johnson, Hannah Levitt, and me.

news.bloomberglaw.com/banking-law/...

No. He withdrew after this story and they nominated a career official.

Banks Lose Challenge to Illinois Ban on Tax, Tip Swipe Fees (1) An Illinois law barring card swipe fees on retail taxes and tips can take effect after a federal judge denied banks’ bid to block the legislation.

A federal judge in Illinois allow the state's ban on swipe fees on taxes and tips to move forward, adding a new chapter to the never-ending interchange fee wars. news.bloomberglaw.com/banking-law/...

CFPB Makes Industry-Friendly Changes to Complaint Database The Consumer Financial Protection Bureau is forcing people looking to file complaints about financial products or services to wade through industry-backed disclosures before doing so, a move that cons...

In late January, a credit reporting trade group said the CFPB should make changes to its complaint database that will decrease the number of complaints filed. On Wednesday, the CFPB did just that (IN ALL CAPS).

news.bloomberglaw.com/banking-law/...

Do I have any followers here who work at a regional fed bank? If so, I have a question. Signal is reporterev.85

DOJ Demands Emergency Surge Prosecutors From All US Attorneys The Justice Department is requiring all US attorneys to rapidly assign prosecutors for “emergency jump teams” supporting districts handling alleged assaults or obstruction of law enforcement, accordin...

Exclusive: DOJ is requiring all 93 US attorneys to designate prosecutors for "emergency jump teams" supporting surge districts dealing with assaults & obstruction of federal officers, per internal memo. Comes as more Minn. prosecutors resign. news.bloomberglaw.com/us-law-week/...

Catherine O'Hara even manages to make this fun.

This was probably the best scene from Darren Aronofsky's AI American Revolution show. So lifelike!

Tear it down then.

Do Irish shopping malls have Panda Express?

CFPB to Slash Bank Examinations, Switch to All-Virtual Reviews Consumer Financial Protection Bureau examiners sidelined by the Trump administration will be back on the job as early as April, but the number of exams they conduct and the scope of their supervision ...

Come for the news about the CFPB restarting exams virtually, stay for this:

“We told you we were performing our statutory duties. Why does this surprise you?” a CFPB spokesman said. “Also if you want to work at CFPB so badly I can send you an application.”

news.bloomberglaw.com/banking-law/...

Man, I liked "Caught Stealing." But I guess I can't watch any more Aranofsky movies. And no, I'm not linking to that monstrosity.

Banks Urge OCC to Increase Scrutiny of Core Service Providers Federal banking regulators need to conduct more oversight of companies such as Fiserv Inc. that provide payment, compliance, and other software tools to ensure they aren’t stifling innovation, banks a...

The world may seem unmoored these days, so take comfort in the fact that everyone still hates their core service provider. news.bloomberglaw.com/banking-law/...

I deleted an older version of that post because, well, it didn't make any sense. That's why I'm thankful to my editors.

And yes, I know, this isn't the most important thing. But the federal government is big and does a lot of stuff.

CFPB Returns to Full Open-Banking Rewrite After Cash Infusion The Consumer Financial Protection Bureau, fresh off a $145 million cash boost, plans to move back to a traditional process for rewriting a Biden-era open banking rule, leaving the fintech data access ...

The CFPB planned a truncated process for its new open banking rule. Then it was basically forced to fund itself, so now we're back to regular order.

Which means we won't see a rule anytime soon, not even counting the post-rule lawsuits.

news.bloomberglaw.com/banking-law/...

Let's check in at HUD

HUD proposed eliminating disparate impact (a statistical review of lending outcomes used to find either unintentional or really well hidden fair lending violations) in its Fair Housing Act enforcement just this week.

www.govinfo.gov/content/pkg/...