Sherrod Brown

Lawmakers want inquiry into report that OCC halted redlining probes

08/14/20

Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks.

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Will pandemic compel Congress to ease bank capital requirements?

08/03/20

Lawmakers don't appear ready to relax requirements yet, but they may do so in future legislation in hopes of spurring more bank lending.

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House passes appropriations amendment to fund postal banking

07/31/20

The measure would release $2 million in funding for the U.S. Postal Service to launch pilot programs to provide basic services such as checking accounts and bill payment.

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CFPB’s Kraninger faces Democratic firing squad over payday rule

07/29/20

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.

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Banks smell victory on key anti-laundering measure

07/27/20

After the House passed a defense spending bill that included the provision ahead of negotiations with the Senate, industry representatives are optimistic Congress will finally shift the burden of reporting true-owner information from banks to their business clients.

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Senate passes bill to prevent debt garnishment of CARES Act payments

07/24/20

The legislation, which has yet to pass the House, is meant to ensure coronavirus relief funds go to consumers and are not diverted to debt collectors.

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House passes AML reforms in defense spending bill

07/22/20

The National Defense Authorization Act, approved in a vote late Tuesday, includes measures to require companies to disclose their true owners at the point of incorporation and to improve information-sharing between banks and the government.

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Senate Banking Committee to consider controversial Fed board pick

07/10/20

The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans.

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Fed should make banks stop paying dividends, Senate Democrats say

06/24/20

The lawmakers argued in a letter to the Federal Reserve that suspending dividend payouts would be the "prudent course of action," allowing banks to build their capital cushions and continue lending during the coronavirus pandemic.

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CFPB issues proposals to revise QM rule, extend GSE patch

06/22/20

The Consumer Financial Protection Bureau plans to change the definition of what constitutes a qualified mortgage from a 43% debt-to-income limit to a price-based threshold, and further extend a temporary exemption given to Fannie Mae and Freddie Mac.

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