Senate Banking Committee

Federal government an exemplar in promoting women

10/10/19

The financial industry should take notes from regulators that have diverse leadership.

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PayPal exit from Facebook project shows power of D.C.’s disapproval

10/09/19

The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle.

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Senate pot banking bill may add weapon to fight money launderers

10/04/19

As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry.

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Impeachment fight derailing banking bills? Think again

10/03/19

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.

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Senators formally introduce bipartisan AML reform bill

09/26/19

Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.

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House passes cannabis banking bill, but Senate battle looms

09/25/19

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.

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GOP senators skeptical of Fed's faster payments network

09/25/19

One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.

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Could financial firms do more in response to data breaches?

09/20/19

Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.

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Senate Dems urge CFPB to extend QM patch

09/17/19

Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules.

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How serious is Crapo about getting pot banking bill across finish line?

09/13/19

The Banking Committee chairman's comments have advanced legislative efforts, but questions remain about where he'll take the issue.

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