Hill Wins Gavel on Financial Services Panel

Also, CFPB overdraft fee rule draws immediate lawsuit; Gruenberg denies debanking crypto

House Republicans’ selection of French Hill today to run the Financial Services Committee was surprising only because the conventional wisdom had deemed him an underdog in the closely watched race. But in many ways, the former banker and top lieutenant to outgoing Chairman Patrick McHenry was always the obvious choice.

Hill’s ascension was broadly cheere…