Senate Banking Committee

Senate fails to overturn OCC's CRA revamp


House Democrats had already approved a measure blocking the regulation reforming the Community Reinvestment Act, but the resolution faced more resistance in the upper chamber.


Could Supreme Court fight scuttle NCUA board nomination?


It's increasingly unclear when — or even if — Kyle Hauptman will be confirmed to the board of the National Credit Union Administration.


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


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.


Powell, Mnuchin urge more congressional action to deliver pandemic aid


Capping a series of appearances on Capitol Hill this week, the Federal Reserve chair and Treasury secretary emphasized that they don’t have the authority to reallocate CARES Act funds to assist small businesses on their own.


Election 2020: What GOP holding Senate would mean for financial services


Legislation favorable to the industry would be unlikely to pass in a divided Congress, but the biggest benefit for banks and credit unions of Republicans retaining control of the chamber would be defending against the disruption of a Democratic blue wave.


As Fed helps businesses, Democrats ask: What about consumers?


The Senate Banking Committee met Wednesday to review central bank lending facilities such as the Main Street Lending Program, which provides bank-issued loans to middle-market firms. But some lawmakers on the panel said the focus of pandemic relief has been misplaced.


Banking super PAC moves closer to announcing Senate endorsements


Friends of Traditional Banking is focusing on four GOP senators in tight races as it prepares to endorse two incumbents for the November elections.


Sens. Warren, Schatz press Wells Fargo on forbearance practices


Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.


CFPB’s Kraninger faces Democratic firing squad over payday rule


Members of the Senate Banking Committee took the agency’s leader to task for eliminating underwriting requirements for small-dollar lenders, which lawmakers said has left consumers more vulnerable during the pandemic.


Senate confirms Wade as FHA commissioner


The housing agency's prior permanent chief, Brian Montgomery, left the position after he was tapped to become deputy HUD secretary.