The U.S. House Financial Services Committee heard testimony from the CEOs of U.S. global systemically important banks on "trends and developments in the industry since the 2008 global financial crisis."
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Federal Reserve Board Governor Jerome Powell, Acting Comptroller of the Currency Keith A. Noreika, and FDIC Chair Martin Gruenberg testified at a hearing on "Regulation and Economic Growth" held by the Senate Committee on Banking, Housing, and Urban Affairs.
The House of Representatives passed a bill designed to reform the Bank Secrecy Act and related anti-money laundering laws.
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.
Representatives Robin L. Kelly (D-IL) and James A. Himes (D-CT) urged Treasury Secretary Steven T. Mnuchin to ensure that the "Treasury Department do all it can to keep our banking sector safe" from cybersecurity threats.