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."
A student loan servicer reached a settlement with 39 state attorneys general, resolving claims of unfair and predatory lending practices.
The House Committee on Financial Services Subcommittee on National Security, International Development and Monetary Policy considered testimony on lessons learned from emergency lending facilities set up by the Federal Reserve Board during the pandemic.