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White House tells FI regulators to submit rules for review

first_imgThe White House The White House is instructing federal banking regulators and other independent agencies to submit guidance and proposed rules to the Office of Information and Regulatory Affairs (OIRA) to determine whether it is “major” and will require congressional approval.“One of NAFCU’s key tenets is to support a strong independent NCUA,” said NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt. “While currently, the NCUA submits the majority of its rules and regulations to the Office of Management and Budget for an information collection review prior to implementation, the procedures outlined in the memorandum go further than that. NAFCU shares the goal of the White House to avoid runaway regulation, but wants to ensure that the NCUA can maintain its independence as well.”As an independent agency, the NCUA has traditionally taken the position it does not have to follow White House directives but often voluntarily chooses to do so. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrcenter_img continue reading »last_img read more

Black Lives Matter Meets QAnon as Newest Members of Congress Arrive

first_img“It’s not just Democrat women that have the monopoly on breaking glass ceilings; Republican women have been doing it all their lives,” said Ms. Mace, the first woman to graduate from the Citadel, who last week defeated Representative Joe Cunningham, a centrist Democrat, to become the first woman to represent her state in Congress. “It doesn’t matter what your political affiliation is. If you want women to have a seat at the table, if you want to be in office, we have to run in order to win.”But as the new members arrived on Capitol Hill, Representative Kevin McCarthy, Republican of California and the minority leader, found himself defending a pair of newly elected members on his party’s far right: Ms. Greene, a QAnon follower, and Lauren Boebert of Colorado, who has made supportive comments about the viral conspiracy movement.- Advertisement – – Advertisement – Mr. McCarthy claimed both had disavowed the group, which has been labeled a potential domestic terrorism threat, and urged reporters to “give them an opportunity” before seeking to characterize them. While Ms. Boebert has said she is not a follower of QAnon and Ms. Greene recently said she had chosen to follow “another path,” Ms. Greene has never denounced the group, whose convoluted theory claims falsely that a cabal of Satan-worshiping, pedophile Democrats is plotting against President Trump.In an interview with reporters, Ms. Boebert, a Glock-toting conservative firebrand, stressed the historic nature of Republican gains for women. Just 13 Republican women held seats in the House this year, while at least 27 will when new members take office in January — surpassing a record high of 25.“I am not only the first female to represent that district, but I am the first mom,” Ms. Boebert said. “It’s an incredible honor to bring those values to Washington, D.C., in a time where I think we need more common sense.”- Advertisement –center_img In addition to a surge of Republican women, the freshman class diversifies Congress’s ranks: Marilyn Strickland, Democrat of Washington, is the first Black woman to represent her state in Congress and the first Korean-American elected; Ms. Bush is the first Black woman to represent Missouri; and Mondaire Jones and Ritchie Torres, both Democrats of New York, are the first openly gay Black men to serve in Congress.Additionally, at least seven new members of Congress — including Madison Cawthorn of North Carolina, the youngest member of Congress in the modern era — do not have college degrees.last_img read more