Sherrod Brown

Senator urges banks to stop stock buybacks during coronavirus outbreak


Sen. Sherrod Brown of Ohio, the top Democrat on the Banking Committee, said financial institutions "need to be investing in their communities right now, not investing in their CEOs’ stock portfolios.”


Senators alarmed by study linking loan rates to college choice


Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.


Sens. Warren, Brown call on CFPB to suspend task force


In a letter to CFPB Director Kathy Kraninger, the Democratic senators argue that task force members cannot be trusted to protect consumers because they have represented payday lenders or Wall Street banks, or worked at law firms that do so.


Senate Dems want answers on how GSEs are preparing for climate change


In letters to Freddie Mac and Fannie Mae, six Democrats asked how the mortgage giants are factoring extreme weather into their risk modeling.


Senate Dems urge CFPB watchdog to investigate restitution practices


In a letter to the agency's inspector general, the 15 lawmakers pointed to specific cases where they said the bureau departed from legal standards in deciding not to require restitution.


HUD proposes easing Obama-era fair housing rule


The Department of Housing and Urban Development has proposed an overhaul of an Obama-era rule meant to guide local jurisdictions in how they comply with the Fair Housing Act.


Warren, Brown call on GAO to investigate CFPB's fair lending oversight


The two Democrats sent a letter “raising grave concerns about whether the bureau is fulfilling its statutory obligations.”


Senate Democrats demand OCC's Otting testify on CRA


The lawmakers sent a letter to the comptroller of the currency requesting his appearance before the Senate Banking Committee after he was unable to attend a hearing last week.


Lawmakers give wildly divergent reviews of CRA plan


Regulators’ sweeping proposal to reform implementation of the Community Reinvestment Act has drawn strong opinions on both sides.


Warren, Brown object to CFPB plan to issue formal advisory opinions


The two Democratic senators said the bureau's policy could allow companies to circumvent consumer finance laws.