By an 18-4 vote, with six Democrats joining all Republicans, the Senate Banking Committee today defied the White House veto threat and passed conditional sanctions against Iran if it does not make an acceptable deal on its nuclear weapons project. A letter yesterday signed by 10 Democrats, including those who signed onto the bill today, […]
(Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images) Senate Budget Committee ranking member Senator Bernie Sanders, independent of Vermont, holds a news conference on the budget on Friday, January 16, 2015. B ig banks now...Show More Summary
Two top Democrats on the U.S. Senate Banking Committee expressed their support Wednesday for President Barack Obama's latest pick to serve on the Federal Reserve Board of Governors.
Sen. Sherrod Brown discusses his upcoming role on the Senate Banking Committee (from The Zero Hour) They're calling it a "Christmas gift" for Wall Street. Last week the Federal Reserve announced that it's giving US banks yet another extension on the "Volcker Rule" provision in the Dodd/Frank financial reform bill. Show More Summary
Sen. Chuck Schumer passed up the chance to be the top Democrat on the Senate Banking Committee.
With Wall Street regulation once again the center of attention on Capitol Hill, Senate Democrats are making one of their sharpest critics of big banks their lead voice on the Senate Banking Committee - Sen. Sherrod Brown of Ohio.
Chair of the Securities and Exchange Commission Mary Jo White testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee in September. The Securities and Exchange Commission‘s top regulator outlined a framework for rules meant to address systemic risks in the asset-management industry on Thursday, the clearest picture of the agency’s plans. The [...]
The Senate Banking Committee plans to hold a hearing next week on ways to “protect the financial sector” from cyberattacks, but for now there are no plans to have anyone from the financial services industry testify.
Two prominent Democrats on the Senate Banking Committee are pushing Fannie Mae and Freddie Mac’s regulator to prolong the time period during which first-time homebuyers and other owner-occupants get a “First Look” at purchasing homes repossessed by the mortgage giants...
As everyone listens in silence as Goldman's New York Fed's Bill Dudley gets emotional during his Senate Banking Committee testimony, and his only response to why there is Goldman capture of the NY Fed being that $3 trillion in Fed excess...Show More Summary
The Senate Banking Committee’s financial institutions subcommittee will hold a hearing on Friday to question whether bank regulators are too close to the firms they regulate.
As Goldman Sachs prepares for more unwelcome publicity tomorrow at a Senate Banking Committee hearing, these things are certain: The financial giant’s many lobbyists will be working in overdrive, and the company’s million-dollar PAC will be considering writing checks to a host of lawmakers — some of them on the House or Senate Banking Committees.…
After two years, and 396 pages of report, the Senate investigations committee finds (translating their gobbledygook into English) that the banks did indeed corner and rig the commodity market. As Bloomberg reports, the Senate panel said...Show More Summary
“There is no formula or mechanical answer I can give you,” said Federal Reserve Chairwoman Janet Yellen when the ranking member of the Senate Banking Committee pressed her for details about the Fed’s plans for continuing the Quantitative Easing and Zero-Interest policies that have propped the economy up since 2008. Show More Summary
As regulators around the world attempt to get a handle on the emerging virtual- and crypto-currency phenomenon, today, Canada’s Senate Committee on Banking, Trade and Commerce is meeting in a session called “Study on the use of digital...Show More Summary
Keeping the government running, ensuring that the Import-Export Bank continues to function, sending a jobs package over the Senate, naming post offices, and preparing for the Benghazi committee hearings are all at the top of the congressional "to-do" list over the next twelve days. Show More Summary
Senator Elizabeth Warren pushed on a banker testifying before the Senate Banking Committee about student loans Thursday. She wasn't gentle. From her Facebook page: In 2005, banking lobbyists successfully convinced Congress to remove bankruptcy protections for private student loan borrowers. Show More Summary
Shutterstock Sen. Carl Levin’s Subcommittee on Investigations looked into some shady banking practices and reported that a hedge fund called A Renaissance Technologies LLC found a clever way of cheating the IRS. With the help of twoShow More Summary
The Fed will keep propping up the economy, said Binyamin Appelbaum in The New York Times. That was the main message Fed chairwoman Janet Yellen delivered this week when she appeared before the Senate Banking Committee to deliver the central bank's semiannual monetary policy report. Show More Summary
By David Moenning: The big event of Tuesday was Federal Reserve Chairwoman Janet Yellen's semi-annual testimony on monetary policy before the Senate Banking Committee. No one really expected Ms. Yellen to break any new ground with her prepared testimony. Show More Summary