The Senate Banking Committee considered opposing testimony concerning policies on junk fees and the resulting impact on consumers.
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Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) urged regulators to adopt policies that facilitate innovation and consumer choice through the development of a healthy competitive market.
Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) criticized the FDIC for "improperly taking action to deter banks from doing business with lawful cryptocurrency-related companies."
The U.S. Senate confirmed Christy Goldsmith Romero, Kristin N. Johnson, Summer Kristine Mersinger, and Caroline D. Pham to serve as CFTC Commissioners.
A student loan servicer reached a settlement with 39 state attorneys general, resolving claims of unfair and predatory lending practices.