Buckle up! A Democratic Senate could help advance Biden’s agenda. Here are some top policy items USA TODAY staff, USA TODAY
Biden warns of high stakes in Georgia Senate races
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Democrats on Wednesday won control of the U.S. Senate, giving them majorities in both houses of Congress and the presidency.
Raphael Warnock beat Republican Sen. Kelly Loeffler and Democrat Jon Ossoff bested Republican Sen. David Perdue in Georgia’s two runoff elections.
Those victories give Democrats 50 seats in the Senate, , which would effectively give them control because Vice President-elect Kamala Harris represents the tie-breaking vote.
Auto Finance Excellence - January 5, 2020
Trying to predict what auto finance compliance will look like in 2021 makes me chuckle, as I think back to this time last year and how, despite our best efforts, none of us could have predicted the events of the past 12 months.
In January 2020, no one had heard of COVID and very few people had lived through a pandemic. I, for one, am glad that 2020 is over. For those of you who don’t like change, my fear is that, in some respects, 2021 may be more of the same. For those of you clamoring for change, I think you will be satisfied, too.
How far left will CFPB swing in 2021? nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
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Every change in presidential administration results in shifts to agencies’ policy priorities and enforcement efforts. In a Biden Administration, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”), in particular, is expected to undergo significant changes. Headlines will focus on potential replacements of the CFPB Director, an issue which has been controversial in the past and may take months to address through the nomination and confirmation process in 2021.[i] But equally important will be a shifting enforcement focus: we anticipate that, under President-Elect Biden, the CFPB will revive the “disparate impact doctrine” (the “Doctrine”) as a means for curtailing business practices that result in racial disparities, whether intended or not. Although there has been significant debate about the Doctrine’s validity as applied to the Equal Credit Opportunity Act of 1974 (“ECOA”), codified at 1
Earlier this month, House Financial Services Committee Chairwoman Maxine Waters
sent a letter to President-elect Joe Biden recommending various actions that the Biden Administration should take in the financial services arena. Chairman Waters and members of her staff are expected to have a strong voice in shaping the Biden Administration’s approach to financial services regulatory policy. As a result, Chairman Waters’ letter is likely to receive close attention from the President-elect’s agency review teams and influence the priorities of the individuals appointed to lead the financial regulatory agencies.
Chairman Waters’ letter sets out a wide-ranging agenda for the Biden Administration in the areas of COVID-19 relief, climate change, diversity and inclusion, affordable housing, consumer protection, investor protection, financial stability, and international development. It includes as an attachment a list of regulatory and administrative actions by the Trump Admin