News Topic: Senate Banking Committee
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Lenders should do more to alert homeowners of flood risks, lawmakers say
Lawmakers aren’t ready to rubber-stamp Fed digital dollar
GOP senator wants to cut deal on GSE reform. Will Democrats listen?
What's holding up the confirmation of the next CFPB chief
Senate Democrat calls on OCC to halt crypto charter approvals
Senators still can't find common ground on flood insurance reform
It’s not 2008, but bank CEO hearings could still get testy
Banking groups to Congress: Don't throw out 'true lender' rule
Lawmakers clash over OCC rule validating loan sales to nonbanks
Pot banking bill's closer to finish line, but Democrats could sabotage it
States should take lead on regulating innovation: Wyoming senator
Sherrod Brown seeks answers from banks linked to Archegos
Will Senate vote on CFPB chief come down to tiebreaker?
Senate Democrats initiate reversal of OCC 'true lender' rule
Democrats have proposed a Congressional Review Act resolution to strike down the OCC rule, arguing it enables "rent-a-bank" schemes. ]] ... Read full article
Senate Banking panel draws partisan lines on regulators' climate role
Democrats want regulators to actively protect the financial system from losses tied to extreme weather events, while Republicans say climate policy is "beyond the scope" of their mission. ]] ... Read full article
Bipartisan group reintroduces landmark pot banking bill
The legislation easily passed the House in 2019 but was never considered in the Senate. Observers see a more promising path forward this time. ]] ... Read full article
Sherrod Brown takes case for digital accounts to resistant bankers
The Ohio Democrat and chairman of the Senate Banking Committee told a virtual gathering of the American Bankers Association that FedAccounts, a plan opposed by industry trade groups, will lead to more bank customers. ]] ... Read full article
Goldman pandemic loans draw scrutiny from Sens. Brown, Warren
The Senate Banking Committee is questioning whether Goldman Sachs Group paid dividends at the expense of lending to businesses and households during the pandemic as lawmakers take a broad look at the support big banks offered clients to get through the ... Read full article
Sherrod Brown quickly shifts Senate Banking panel's course
With a steady stream of Senate hearings held on the racial wealth gap and inequities in the financial system, the new chairman has set a consumer-focused agenda that leans further left than even past Democratic chairs. ... Read full article