Pat Toomey

The Senate may not flip but Banking Committee is poised for shake-up

11/16/20

If the GOP can hold its majority in the chamber, Sen. Pat Toomey, R-Pa., will likely become the panel's chairman. His ardent support for free-market principles could set up partisan clashes with Democrats over pandemic relief, money laundering rules and more.

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Banking panel's No. 2 Republican will not seek reelection: Report

10/05/20

Sen. Pat Toomey, R-Pa., a potential chair of the Senate Banking Committee in the next Congress, is expected to announce that he is not running in 2022.

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Key Republicans still undecided on Shelton's Fed nomination

02/25/20

Three key Republicans on the Senate Banking Committee said Monday that they remain undecided on President Donald Trump's nomination of Judy Shelton to the Federal Reserve Board.

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Trump nominee for Fed seat gets cold shoulder from senators

02/13/20

Both Democrats and Republicans aired concerns about controversial statements made by Judy Shelton on monetary policy, deposit insurance and other issues, raising doubts about her confirmation.

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Shell-company bill drives wedge between banking, small business

10/28/19

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.

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Scott to lead Senate Banking's financial institutions subcommittee

01/18/19

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

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It's official: White House taps Calabria as head of FHFA

12/12/18

The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency.

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Ease banks’ AML reporting burden? FBI, Fincen say not so fast

11/29/18

As Congress weighs Bank Secrecy Act reforms, some worry that reducing suspicious transaction filings would be a gift to criminals.

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GOP senators join criticism of Fed over capital rules for megabanks

08/02/18

Echoing House members, five Republican senators called on the Federal Reserve Board to rethink its surcharge in order to eliminate “excessive” capital requirements.

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Fintech vulnerability, Square bails, new blood among CROs: Top stories of the week

07/06/18

One firm's inability to access bank data shows how fragile fintechs can be; payments processor Square quietly withdraws bank application; turnover of chief risk officers is on the rise; and more from this week's most-read stories.

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