News Topic: Elizabeth Warren
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Brainard’s diaries show calls with Warren, Biden-Harris Fed team
Warren praises Brainard, slams Powell ahead of Biden Fed pick
Former CFPB chief joins cryptocurrency surveillance firm
Warren: CFPB should take a closer look at overdraft fees, crypto
Lenders should do more to alert homeowners of flood risks, lawmakers say
Bank CEOs grilled by Senate on pandemic response, 'woke capitalism'
Big banks don’t need further relief from capital rule: Warren, Brown
Sens. Elizabeth Warren and Sherrod Brown urged regulators not to give in to industry requests to extend a temporary policy easing compliance with the supplementary leverage ratio. ... Read full article
Biden’s tough choice on who will lead Treasury
A moderate pick with financial sector ties could upset progressives, while the likely GOP majority in the Senate could balk at a nominee seen as too liberal. Here are some of the candidates. ... Read full article
What kind of regulator can Biden get past a GOP Senate?
If Republicans keep their majority, the incoming administration will likely have to pick moderates over progressives to have any chance of getting its nominees approved. ... Read full article
Ex-CFTC chief Gensler and banker advising Biden on Wall Street
Former Commodity Futures Trading Commission Chairman Gary Gensler and KeyBank NA executive Don Graves have been tapped to examine financial regulators as part of Joe Biden’s presidential transition, according to a person familiar with the matter. ... Read full article
Who would craft regulatory policy in a Biden administration?
A Democratic victory in Tuesday’s election would likely produce new leaders at the CFPB and OCC who could take bank regulation in a sharply different direction. Here are some names potentially under consideration. ... Read full article
Senate Democrats' bill would ban discrimination in financial services
The legislation would extend to the banking system the Civil Rights Act's protections for customers of hotels and restaurants. ... Read full article
PPP forgiveness, mainframes still mainstream, Marcus's future: Top stories of the week
House forgiveness plan for Paycheck Protection Program loans is better than nothing, bankers say; why some banks still lean on mainframes; what's next for Goldman Sachs's Marcus; and more from this week's most-read stories. ... Read full article
Fed’s Wells Fargo review should consider forbearance snafu: Warren
Customers suffered when they were placed in mortgage relief plans without their consent, the Massachusetts senator says. She urged the Federal Reserve to take the blunder into account as it weighs when to lift other sanctions against the bank. ... Read full article
Warren presses Powell on race gaps in possible Biden-era preview
During a Senate Banking Committee hearing, the Massachusetts Democrat asked Powell what the Fed is doing to reduce inequality along economic lines in the U.S. ... Read full article
Fed’s Brainard seen at top of Biden’s Treasury secretary list
Democratic presidential nominee Joe Biden’s search for a Treasury secretary is widely seen as focusing on Brainard, a choice that would keep both Wall Street and progressives in line. ... Read full article
Lawmakers want inquiry into report that OCC halted redlining probes
Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks. ... Read full article
Democrats' bill would require Fed to focus on income, racial inequality
The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks. ... Read full article
Will pandemic compel Congress to ease bank capital requirements?
Lawmakers don't appear ready to relax requirements yet, but they may do so in future legislation in hopes of spurring more bank lending. ... Read full article