Senate Banking Committee

'A wolf in sheep's clothing': Comments of the week


Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.


Why Senate Republicans are sitting out pot banking fight


The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.


Crapo to join HUD's Carson at event on affordable housing


Secretary Ben Carson was invited by the head of the Senate Banking Committee to Idaho to discuss low-income housing shortages.


Warren presses Capital One CEO for more details about breach


The Massachusetts senator asked Richard Fairbank in a letter why the bank didn’t detect the breach for nearly four months and how it plans to prevent future cyber intrusions.


Blockchain, crypto tech need clear rules of the road


Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.


2020 race pulls Warren away from Senate Banking


The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.


Bipartisan AML bill is just the right touch


Under the Illicit Cash Act, anti-money-laundering rules would be clearer — so banks would have no excuses for noncompliance.


Waters, Brown warn regulators not to weaken margin rules


Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels.


GOP senators pressure banking agencies for more reg relief


Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change.


Crypto holds public promise and potential for danger: Senators


Two weeks after lawmakers grilled a Facebook exec over Libra, they acknowledged benefits from digital currency technology while warning of the risks.