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Tag : Senate Banking Committee

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2020 race pulls Elizabeth Warren away from Senate Banking Committee

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WASHINGTON — It’s a scene everyone braces for on the Senate Banking Committee. An executive or Trump-appointed regulator sits in a witness chair pondering how...
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Maxine Waters, Sherrod Brown warn agencies not to weaken margin rules

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WASHINGTON — The top Democrats on the House and Senate banking panels are urging regulators not to weaken initial margin requirements for swaps transactions between...
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Don’t throw the crypto out with the Libra, senators say

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WASHINGTON — Just two weeks after lawmakers grilled a Facebook executive on the company’s Libra plan, senators said the U.S. should be a leader in...
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GOP senators pressure banking agencies for more reg relief

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WASHINGTON — A group of Republicans on the Senate Banking Committee pressed the banking regulators — all GOP appointees — to make several of their...
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Elizabeth Warren, other Democrats look to force Fed’s hand on faster payments

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WASHINGTON — A group of House and Senate Democrats have introduced a bill that would require the Federal Reserve to create a real-time payments system....
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Senators press Fed’s Powell on real-time payments

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WASHINGTON — A bipartisan group of senators on the Banking Committee is pressing the Federal Reserve to detail its possible development of a real-time payments...
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Despite outcry, Congress unlikely to block Facebook’s crypto plan

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WASHINGTON — Lawmakers from both sides of the aisle raised serious questions about Facebook’s cryptocurrency project at hearings this week, but many at the same...
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'Petulant children playing with matches': Comments of the week

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Readers react to House lawmakers attempting to overhaul the credit bureaus, express sarcasm to the Senate Banking Committee eyeing cannabis banking, criticize Sen. Elizabeth Warren’s...
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Facebook won’t launch crypto service until regulators satisfied, exec says

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WASHINGTON — Facebook will wait to launch its proposed cryptocurrency until the social media giant works with regulators and Congress to sort out concerns they...
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Will Facebook’s Libra force Congress to act on data protection?

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WASHINGTON — Almost two years after the Equifax breach led to a congressional uproar but minimal policy change, the protracted fight to enact data security...
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Facebook’s Libra takes a beating on Capitol Hill (again)

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WASHINGTON — For the second straight day, Facebook’s cryptocurrency project commanded much of the attention at a congressional hearing with Federal Reserve Chairman Jerome Powell....