Sherrod Brown

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


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.


GOP senators skeptical of Fed's faster payments network


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.


Senate Dems urge CFPB to extend QM patch


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


Senate Democrats call out Capital One over breach response


The lawmakers, including Sens. Sherrod Brown and Elizabeth Warren, sent the bank a letter focusing on customers' difficulty enrolling in credit monitoring and identity protection services.


2020 race pulls Warren away from Senate Banking


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


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.


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.


Former CFPB official 'may have abused his authority': Inspector general


Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.


Despite outcry, Congress unlikely to block Facebook's crypto plan


Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.


Facebook crypto exec meets congressional firing squad


Resistance to Libra on the Senate Banking Committee was bipartisan, and other takeaways from Tuesday’s hearing.