Oversight of Banks During Coronavirus Pandemic
2020-05-17T14:26:44-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNDIzXC8yMDIwMDUxNzE0NTMzNjAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The Senate Banking, Housing and Urban Affairs Committee held a virtual hearing on oversight of financial regulators, amid the coronavirus pandemic. Witnesses included Federal Reserve Board Supervision Vice Chair Randal Quarles, Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams, National Credit Union Administration (NCUA) Chair Rodney Hood and Comptroller of the Currency Joseph Otting. They outlined the regulatory and supervisory activities of their respective agencies. In addition, committee members asked about the overall state of the financial industry, Paycheck Protection Program (PPP) loans and the Federal Reserve’s Mainstreet Lending Program, which provides loans to small and medium-sized businesses.
The Senate Banking, Housing and Urban Affairs Committee held a virtual hearing on oversight of financial regulators, amid the coronavirus… read more
The Senate Banking, Housing and Urban Affairs Committee held a virtual hearing on oversight of financial regulators, amid the coronavirus pandemic. Witnesses included Federal Reserve Board Supervision Vice Chair Randal Quarles, Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams, National Credit Union Administration (NCUA) Chair Rodney Hood and Comptroller of the Currency Joseph Otting. They outlined the regulatory and supervisory activities of their respective agencies. In addition, committee members asked about the overall state of the financial industry, Paycheck Protection Program (PPP) loans and the Federal Reserve’s Mainstreet Lending Program, which provides loans to small and medium-sized businesses. close
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