What Luetkemeyer’s surprise exit means for banking

The contest to be the next Republican leader of the House Financial Services Committee just got a lot more interesting.

News: Rep. Blaine Luetkemeyer (R-Mo.) will retire after the 118th Congress. We broke that news this afternoon. Luetkemeyer has served in the House since 2009 and said in a statement that he plans to stay until “the end of my term in December.”