Republicans in Congress are looking to dismantle a small but powerful government research office that was tasked with detecting risks lurking across the financial system in the wake of the 2008 crisis… Patrick Woodall, managing director for policy at Americans for Financial Reform, said slashing the research office would cut off “unique modeling and monitoring tools” that are critical to understanding where risk is building up in the financial system, from banks, private credit or other corners of the market.
The Digital Asset Market Clarity (CLARITY) Act of 2025, if passed, would significantly reshape the U.S. regulatory landscape for digital assets, with far-reaching implications for the crypto industry, investors, regulators, and the broader economy.
Republicans in Congress are looking to dismantle a small but powerful government research office that was tasked with detecting risks lurking across the financial system in the wake of the 2008 crisis… Patrick Woodall, managing director for policy at Americans for Financial Reform, said slashing the research office would cut off “unique modeling and monitoring tools” that are critical to understanding where risk is building up in the financial system, from banks, private credit or other corners of the market.
The Trump administration’s recent decision to stop updating the National Oceanic and Atmospheric Administration’s Billion Dollar Weather and Climate Disasters database would threaten to drive up insurance costs for consumers already struggling to afford rising premiums, according to a letter signed by 40 environmental and consumer protection organizations sent to Derek Arndt, director of NOAA’s National Centers for Environmental Information today.
May 1 – Read the newsletter below for the latest Mortgage Banking and Consumer Finance industry news, written by Ballard Spahr attorneys. In this issue, we explore why lenders must remain vigilant in compliance efforts, examine the winding down of the VA’s VASP program, cover the reintroduced legislation to prohibit ‘trigger leads’ in the mortgage
As stablecoins take a step toward becoming mainstream, some segments of the U.S. Treasury market, notably securities with short-term maturities, could be vulnerable to volatility as they become more closely tied to the world of cryptocurrency… “If (stablecoin issuers) have to move those Treasuries quickly, or the market demands that, it could create some credit crunches there,” said Mark Hays, associate director for cryptocurrency and financial technology at Americans for Financial Reform.
