The Senate Banking Committee advanced nominees for Federal Reserve Board Vice Chair and FRB Members of the Board of Governors.
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The Senate Banking Committee questioned nominees for Federal Reserve Board Vice Chair and Board Governor.
Senator Pat J. Toomey (R-PA) and Senator Bill Hagerty (R-TN) introduced the CFPB Stability Act, a bill that would change the composition of the agency and subject it to the regular congressional appropriations process.
In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
House Financial Services Committee Chair Maxine Waters (D-CA) proposed amendments to the Community Reinvestment Act in an effort to (i) end modern-day redlining, (ii) root out discrimination in the banking system and (iii) close the gaps in racial wealth and homeownership.