Mark Warner

Democrats urge regulators to offer lenders more coronavirus guidance


Sen. Mark Warner led a group of Democratic senators in calling on bank, credit union and GSE regulators to give detailed instructions on helping consumer and commercial borrowers hurt by the COVID-19 outbreak.


Lawmakers say banks need guidance on virus-related workarounds


U.S. lawmakers are pushing regulators to provide room for banks to work out loans with businesses and consumers who may be affected by the coronavirus.


Senate Democrats demand more GSE reform details from FHFA


The lawmakers say they need more information about the administration’s plans in order to conduct proper oversight.


Shell-company bill drives wedge between banking, small business


Beneficial-ownership legislation is within the banking industry’s reach, but the prospect of new regulatory burdens for small businesses is forcing lawmakers to choose sides.


Senators formally introduce bipartisan AML reform bill


Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.


Could financial firms do more in response to data breaches?


Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.


Senators press Fed's Powell on real-time payments


A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system.


Will GSE reform hurt small lenders? Senators weigh in


Senators dove into how to ensure housing finance reform serves lenders of all sizes, just as the Trump administration moved closer to crafting its own GSE plan.


Scott to lead Senate Banking's financial institutions subcommittee


The South Carolina Republican will take over for Sen. Pat Toomey, R-Pa., as part of a reshuffling of subcommittee assignments.


A big-bank loophole to escape Volcker Rule? Not so fast


The regulatory agencies are the last word on an exemption from the proprietary trading ban, and there are no signs they will expand it beyond small institutions.