Senate Banking Committee

GOP senator says he will back Shelton for Fed board


Sen. Pat Toomey, R-Pa., had been among a handful of Republicans on the fence about Judy Shelton's nomination, but he said she quelled his concerns about her monetary policy views.


House lawmakers give update on CECL, pot banking


At a credit union conference, Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.


Key Republicans still undecided on Shelton's Fed nomination


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.


Senate Republicans target banks refusing services to ICE contractors


Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.


Trump nominee for Fed seat gets cold shoulder from senators


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.


Senate Dems want answers on how GSEs are preparing for climate change


In letters to Freddie Mac and Fannie Mae, six Democrats asked how the mortgage giants are factoring extreme weather into their risk modeling.


Warren asks Fed nominee to clarify policy stances


The Massachusetts senator took aim at certain views expressed by Judy Shelton, a Trump administration pick to sit on the Federal Reserve Board, that have sparked controversy.


ICBA urges Congress to crack down on CU-bank deals


The head of the small-bank trade group called for hearings to discuss tougher limits on credit union acquisitions of banks.


Coup for community banks could spell disaster for industry


The recent Dodd-Frank rollbacks for smaller banks could encourage risk-taking that leads to a systemic issue.


Industry to Crapo: Detach pot banking from public health debate


The pot banking bill is a long shot after recent criticism by the Senate Banking chairman, but bankers are trying a new argument in a last-ditch effort to sway lawmakers.