The Senate Banking Committee held a hearing to examine how so-called junk fees affect consumers and their budgets, especially regarding financial services and rental housing. Some Republican…
293 viewsFederal Reserve Board Chair Jerome Powell outlined the Federal Reserve’s Semi-annual Policy Report before the Senate Banking, Housing, and Urban Affairs Committee. He outlined the state of t…
1,726 viewsIncreasing housing supply and reducing costs for borrowers were among the topics discussed as Acting Housing and Urban Development Secretary Adrianne Todman and Federal Housing Finance Agenc…
523 views“Over the past three years, the Biden administration has driven an historic recovery,” said Treasury Secretary Janet Yellen during her testimony on the Financial Stability Oversight Council’…
1,023 viewsAthens, Ohio, Mayor Steve Patterson (D) and the CEO of Greater New Orleans Inc., an economic development agency, were among those testifying at a Senate Banking, Housing, and Urban Affairs C…
560 viewsThe Senate Banking, Housing and Urban Affairs Committee holds an annual oversight hearing of Wall Street firms, with CEOs from Goldman Sachs, Citigroup, JPMorgan Chase, Bank of America, and …
2,414 views“I was a part of the problem. I am here now standing as a man that wants to be a part of the solution,' said musician Jason "Jelly Roll” DeFord as he testified before the Senate Banking, Hou…
6,075 viewsHousing affordability advocates and real estate investors testified on housing shortages and affordability. Topics included coupling housing development with transportation, the impact housi…
460 viewsThe Senate Banking, Housing and Urban Affairs Committee held a hearing on how to better combat financing for terrorism. This occurred amid Hamas' recent attack on Israel and Iran’s long-stan…
726 viewsCEOs from community lending and development organizations testified before a Senate Banking, Housing and Urban Affairs subcommittee on the impact of Community Development Financial Instituti…
356 viewsSecurities and Exchange Commission Chair Gary Gensler testified on oversight of his agency before the Senate Banking, Housing and Urban Affairs Committee. Several of the committee’s senators…
1,163 viewsFederal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg said the allegations of “pervasive sexual harassment” by FDIC regulators detailed in a recent article from The Wall Street…
1,673 viewsPolicy advocates, including Consumer Federation of America’s Insurance Director Douglas Heller, testified before the Senate Banking Committee on challenges in the property insurance market a…
364 viewsFederal Reserve Chair Jerome Powell said that even though the Federal Reserve did not raise interest rates at their last meeting, there is a strong possibility of one to two interest rate hi…
1,516 viewsExperian, Equifax and TransUnion CEOs testified on the credit scoring process, before the Senate Banking Committee. Topics included accurate and data-driven credit reporting, minimizing the …
2,066 viewsFederal Reserve Vice Chair for Supervision Michael Barr and other federal and state regulators testified on recent bank failures before the Senate Banking Committee. Mr. Barr discussed a rev…
1,110 views“A total of $100 billion was scheduled to go out of the door that day. The bank did not have enough collateral to meet that … and they were shut down,” said Federal Reserve Vice Chair for Su…
2,610 views“The takeover of SVB has been personally and professionally devastating, and I am truly sorry for how this has impacted SVB’s employees, clients and shareholders,” said former CEO of Silicon…
4,762 viewsFinancial policy academics and regulatory stakeholders stressed the need for the regulation of cryptocurrency markets and digital assets before the Senate Banking Committee. They agreed that…
1,075 viewsFederal Reserve Chair Jerome Powell told lawmakers future interest rate hikes could be higher and last longer than previously expected. Chair Powell’s testimony before the Senate Banking Com…
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