Securities 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…
1,156 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…
358 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…
1,511 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 …
2,053 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…
1,102 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…
2,607 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…
4,757 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…
1,074 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…
2,300 viewsConsumer Financial Protection Bureau (CFPB) Director Rohit Chopra appeared before the Senate Banking Committee to speak about the agency’s semiannual report to Congress. Topics discussed inc…
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