Sherrod Brown

Is arbitration win a turning point for banks?

10/25/17

The Senate's repeal of the Consumer Financial Protection Bureau rule is arguably the industry's biggest policy victory since passage of Dodd-Frank. But is it the sign of a trend?

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Regional bank execs urge Senate to raise SIFI limit

10/23/17

Top executives at nineteen regional banks sent a letter to the Senate Banking Committee endorsing a bill that would change the systemically important financial institution threshold from $50 billion in assets to an indicator test.

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Beyond the breach: Credit reporting accuracy also under fire

10/17/17

Cybersecurity and breach notification procedures have caught the most public attention following the massive hack at Equifax, but lawmakers are also interested in the accuracy of credit reports.

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New CEO, same drubbing for Wells on Capitol Hill

10/03/17

Wells Fargo CEO Tim Sloan took heat from Senate Democrats, who questioned his fitness for the job, the bank's use of mandatory arbitration clauses and even whether its charter should be revoked.

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Regionals hopeful over bipartisan Senate bill to raise SIFI level

09/28/17

Under the bill, regional banks may eventually be able to shed the systemically important financial institution designation that subjects those with more than $50 billion in assets to tougher regulatory requirements.

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Equifax CEO Smith ‘retires’; Senators scold SEC chief

09/27/17

The embattled Smith may lose severance benefits, depending on firm’s probe into data breach; Clayton grilled about why the agency took so long to act after Edgar hack.

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Equifax follows Wells' crisis management playbook — with a twist

09/26/17

Equifax observed an increasingly well-worn ritual of scandal-ridden firms by jettisoning CEO Richard Smith: apologize, promise to do better in the future, and sacrifice your top executive in the hopes it will ward off action by Congress and regulators.

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GOP undeterred on arbitration rule repeal despite Wells, Equifax

09/21/17

Democrats have striven to paint recent scandals at Wells Fargo and Equifax as prime examples of why a regulatory rule banning mandatory arbitration agreements should be upheld, but Republicans are not wavering on their desire to overturn it.

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Lawmakers stay clear of ILC charter debate … for now

09/13/17

Few lawmakers have stated positions on fintech applications for industrial loan company charters. It may not stay that way.

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Equifax breach sparks congressional free-for-all

09/12/17

A mismatch of lawmakers from different parties and committees are wading into the aftermath of Equifax’s megabreach, with some using it to advance their policy agendas while others are calling for possible criminal prosecution.

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