Mitch McConnell

Has leadership vacuum hamstrung CARES Act watchdog?


The inability of Democrats and Republicans to agree on a chairperson and lack of sufficient personnel have made it harder for the commission from doing its job — hold Treasury and the Fed accountable for implementing the coronavirus relief law, observers say.


6 key Senate races for bankers to watch


Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs.


Pot banking measure revived in Dems' coronavirus relief package


The proposal would give a safe harbor to financial institutions that work with cannabis companies in states where the substance is legal. But the bill, which would direct $3 trillion in aid to struggling households, businesses and local governments, faces long odds in the Republican-controlled Senate.


Senate directs PPP aid to small banks in new funding measure


The House is expected to vote later this week on the bill expanding emergency relief for small businesses reeling from the effects of the coronavirus.


Crapo to lead Senate's oversight of coronavirus rescue


The Senate Banking Committee chair will work with the heads of other panels in overseeing the $2 trillion stimulus package that Congress passed last month.


Community banks call for AML relief in next coronavirus aid package


A trade group says suspending so-called beneficial owner rules would help financial institutions make more small-business loans through the Paycheck Protection Program.


Democrats block McConnell push to boost small-business aid


The maneuver could delay efforts by Senate Majority Leader Mitch McConnell, R-Ky., and Treasury Secretary Steven Mnuchin to add another $250 billion to the Paycheck Protection Program.


Cheat sheet: What's at stake for banks, customers in stimulus battle


Congressional proposals could expand Federal Reserve liquidity support, delay a new credit loss accounting standard, provide certain accounts with unlimited deposit insurance and more to help businesses and consumers reeling from the coronavirus outbreak.


Impeachment fight derailing banking bills? Think again


Democrats’ investigation of President Trump has darkened the horizon for legislative activity in Washington, but prospects for a pair of bipartisan measures backed by the industry are surprisingly bright.


Hemp protections added to House pot banking bill


Protections for industrial hemp were added to a cannabis banking bill that is expected to get a full House vote next week.