"We applaud the House of Representatives for passing the Financial CHOICE Act, and we appreciate Chairman Hensarling's leadership on this issue", said Jim Nussle, CUNA president/CEO. But in the push to overhaul Dodd-Frank, Republicans said the biggest banks have only gotten bigger while local banks and credit unions are dwindling.
While the act was meant to address bankers' concerns, many in the banking sector do not support it because they consider the required capital level too high.
If approved by the Senate - which some Democratic House members said was far from likely - and signed into law by President Trump, the legislation would, among other things, alter the process by which stockholders introduce shareholder resolutions. Instead, making small tweaks to Dodd-Frank, such as providing relief for community banks, is more probable.
Democrats strongly oppose the bill, dubbing it "the wrong choice act".
Republicans argue that rules created to prevent another meltdown were making it harder for community banks to operate and hampering the economy. According to a 2017 report from S&P Global, the seven largest USA banks would have to collectively raise hundreds of billions of dollars in new equity to meet the new capital requirement and receive regulatory relief. "It will rein in the overreach of Dodd-Frank that has allowed the big banks to get bigger while small businesses have been unable to get the loans they need to succeed", said Speaker Paul Ryan in a statement supporting the measure.
Congressman Steve Knight (R-Palmdale) was one of the 233 Republicans to vote in favor of the bill, with all but Rep. Walter Jones (R-North Carolina) voting with the party.
Democrats say the bill would remove some of the most vital protections that were included in the Dodd-Frank Act to prevent something like the financial crisis from happening again. Congress would also have final say over the agency's budget, which could be bad news for the CFPB under a Republican-controlled government that has been critical of its very existence.
The bill passed Thursday would eliminate the CFPB's supervisory and rule-writing roles, effectively reducing it to an enforcement agency.
The bill will pass, probably with just Republican votes. Hensarling, a Texas Republican, said another option is breaking his legislation up and trying to pass specific provisions independently.
Doctors made use of similar medical techniques to deliver the baby as they use while delivering human babies. Mr Baker added: "Though Kira is a first-time mom, we're not surprised she's acting like an expert already".
Madrid argues that the Spanish constitution leaves no room for regional secession votes, let alone for secession itself. Puigdemont's announcement came after multiple failed attempts to agree on a referendum date with the Madrid government.
It comes amid a diplomatic crisis with Qatar , which other Arab states accuse of having ties with terrorism. Reporters broke with a widespread taboo of the Arab news media by interviewing Israeli officials.
The game, which is Assassin's Creed's first in over two years, will be made available on Xbox One, PlayStation 4, and Windows PC. It is now unknown if this bonus mission will become available at a later date to those that don't pre-order.
Mexico hosts the United States of America at Azteca Sunday night in their second and final meeting of the round. Jimenez was fantastic up top, while Vela and Jesus Corona were fantastic out wide taking players on easily .
But in their grovelling apology to Southampton , a statement read that they would end "any interest" in he highly-wanted star. Efforts to sign Mohamed Salah have also stalled in recent days with Liverpool reluctant to meet Roma's asking price.
Kasowitz's statement did not address Comey's comments about Trump's pressuring him to shield Flynn from any FBI investigation. The Justice Department then appointed another former FBI director, Robert Mueller, as special counsel in the investigation.
This heart-on-her-sleeve, expressive young woman was proving that her mental fortitude was as powerful as her big-time tennis. Pliskova saved three set points but was powerless on the fourth as Halep wrapped up the opener after 45 minutes.
The 49-inch CHG90 is now available for pre-order on Amazon .com and at local Micro Center retail stores for an MSRP of $1,499. It's the tech giant's widest monitor ever and, according to Samsung , it was created to reinvent the gaming experience.
Raees did feel the pinch when it released with Kaabil last January and we are sure Shah Rukh Khan didn't want a repeat of that. The film will also enjoy an extended weekend, since there'll be a partial holiday on 7th August due to Rakshabandhan.
Memorable words from the National Spelling Bee
Shourav Dasari , a past victor of both minor-league bees, was described as the consensus favorite as the ESPN broadcast began. Despite the incorrect spelling Camerota praised Vinay for her efforts, with Cuomo chiming in.
Harry Styles is coming back to Manila
Due to high demand, the One Direction singer gone solo has just booked 56 more tour dates , extending his tour into July of 2018. The U.S. concerts will feature country singer Kacey Musgraves ("Follow Your Arrow", "Merry Go Round") as the opening act.
Uber top executive fired amid row on India rape probe
Technology news site Recode said Mr Alexander was sacked only after the publication contacted the company about the story. Former engineer Susan Fowler's allegations of sexual harassment exposed the rot in the company for the first time.
Taylor Swift Streaming Again - All Songs, All Platforms
In an interview with Rolling Stone magazine, Swift confessed that the song Bad Blood from 1989, is about a former friend. In 2015, she called out Apple Music for failing to pay royalties on streaming during free trial periods for the service.
Syria army reaches Iraq border after US tensions: monitor
The coalition's focus remains on fighting the Islamic State group, he added, saying it does not want to battle the Syrian regime. White phosphorous burns at extremely high temperatures and can be used to illuminate conflict zones or obscure them with smoke.
Japan enacts law for Emperor Akihito, 83, to abdicate
But through this one-off bill, Emperor Akihito is allowed to pass the throne to Naruhito, who is the eldest of his three children. After Princess Mako, 25, gets married to paralegal Kei Komuro, 25, the total number of imperial family members will fall to 18.
Trump's Twitter Adviser Gets Reprimanded For Tweet
On social media, that means no campaigning while on duty or while using a professional account. [Justin Amash] is a big liability. An independent prosecutor's office has warned a White House aide that his Twitter threat to target U.S.
Verizon's first move with Yahoo is to ditch 2100 jobs
Consistent with what we have said since the deal was announced, we will be aligning our global organization to the strategy". Yahoo CEO Marissa Mayer will not be part of the leadership team, according to an internal memo obtained by CNN Tech in April.
Super glitch strikes Philippine bank again
A user called wild flower wrote: "I lost my money..." I only have 15 pesos (30 USA cents) left on my pocket. Consing also advised their clients who may have more money in their accounts not to spend the money.
Rohan Bopanna, Gaby Dabrowski clinch mixed doubles title
The last player to win their debut title at Roland Garros was Gustavo Kuerten, who lifted the title the day the Latvian was born. This was Bopanna's first ever Grand Slam title which he bagged partnering with the 25-year-old Canada's Dabrowski.
Philippine lawmakers ask top court to nullify martial law
We are now at a point in our nation's history that the martial law safeguards enshrined in our Constitution will be tested. The petition is the third to question Duterte's declaration and is the first challenge from Catholic leaders .