Certain financial institutions have reportedly developed media relations for individually targeted marketing. Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) has urged legislators to protect consumers…
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White House Says FDIC Chair Will Step Down
The announcement comes after the Senate Banking Committee chair urged the president to select a new leader. The White House announced that President Joe Biden will be naming…
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Treasury Secretary Testifies Before Senate Banking Committee
She does not believe that commercial real estate vacancies pose a risk to the nation’s financial system. U.S. Treasury Secretary Janet Yellen testified before the Senate Banking Committee…
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Bank CEOs to Testify Before Senate Committee
The banking committee chair believes updated regulations are necessary. The CEOs of America’s largest banks are scheduled to testify before the Senate Banking Committee on Wednesday, prepared to…
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FDIC Chair Called Before Senate Banking Committee
FDIC employees had complained of workplace sexual harassment. This week a report broke regarding complaints from current and former employees at the Federal Deposit Insurance Corporation (FDIC) experiencing…
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Fed Chair to Raise Interest Rates at “Careful Pace”
Chairman Powell testified before Senate Banking Committee on the rate of inflation. Chair of the Federal Reserve Jerome Powell recently testified before the Senate Banking Committee, where he…
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Senate Committee Hearing Scheduled for Fed Board Nominee
The committee will review the president’s proposed vice chair, Philip Jefferson. The Senate Banking Committee Chairman Sherrod Brown of Ohio announced a hearing for President Joe Biden’s nominee…
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Three U.S. Banks Have Failed
The FDIC, Treasury Department, and Federal Reserve are working together to ensure depositors’ access to funds. The Federal Deposit Insurance Corporation has taken over the Silicon Valley Bank…
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Fed Rate Hikes Could Come Quicker
Chairman Powell cites an unexpectedly strong economy. The Federal Reserve may speed up interest rate hikes more than expected in their endeavors to combat inflation, Federal Reserve Chairman…
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Two Senators Propose Secondary Sanctions on Russia
The proposal strengthens G7 nations’ price cap on Russian oil. Two members of the Senate Banking Committee introduced a preliminary draft for legislation on Tuesday to impose secondary…
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