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House Financial Services Committee Chair Patrick McHenry asked the FDIC to explain its financial innovation strategy as well as the agency's examination and supervisory actions toward financial institutions and fintechs.

Commentary by Steven Lofchie

Twelve Senate Democrats urged FRB Vice Chair Michael S. Barr, FDIC Chair Martin J. Gruenberg and OCC Acting Comptroller Michael J. Hsu to adopt proposed regulatory capital rules "to complete adoption of the Basel standards, strengthen the resiliency of our financial system, and ensure that American consumers, workers, and businesses are better protected from future economic distress."