WASHINGTON, DC - JUNE 21: U.S. Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee June 21, 2016 in Washington, DC. (Photo by Win McNamee/Getty Images) Remember when Janet Yellen and other Federal Reserve Governors were characterizing the U.S. expansion as healthy and the [...]
Federal Reserve Chair Janet Yellen recently appeared before the Senate Banking Committee to deliver the Semiannual Monetary Policy Report to the Congress. A handful of Senators queried Yellen as to the lack of diversity among both the...Show More Summary
Janet Yellen spoke to the Senate Banking Committee and did not specifically say, ”Remember what I said about biotech back in 2014? I was just joking. Never mind.” This triggered the sell-off. On Monday, two University of Pennsylvania undergrads, both economics majors, independently submitted term papers with the title “Biotech Stocks [...]
Yellen at Senate Banking Committee
Here is what you need to know. Janet Yellen's Humphrey Hawkins testimony begins. Fed Chair Janet Yellen's semi-annual Humphrey Hawkins testimony begins before the Senate Banking Committee at 2 p.m. ET. In her testimony, expect Yellen to discuss the US labor market, inflation, and the impact of a possible Brexit, among other things. Show More Summary
Director of the Consumer Financial Protection Bureau Richard Cordray waits for the beginning of a hearing before the Senate Banking, Housing and Urban Affairs Committee on April 7 in Washington, D.C. His agency has filed a lawsuit that asks a federal judge to let it regulate companies that purchase structured [...]
The Senate Appropriations Committee voted on Thursday to allow banks to provide financial services to legal recreational and medical marijuana dispensaries, according to The Denver Post. Marijuana is still listed as a Schedule 1 substance...Show More Summary
by Tobias Coughlin-Bogue Weed and non-laundered money: finally friends? Weed and Money / Shutterstock Fans of financial legitimacy for pot businesses, rejoice! The Senate Appropriations Committee passed an amendment to the FinancialShow More Summary
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen is scheduled to testify to the Senate Banking Committee on the U.S. central bank's semiannual monetary policy report on Tuesday, June 21, the panel said. In a statement on Wednesday, the committee said the hearing would be held at 10 a.m. ET. (Reporting by Timothy Ahmann) Join the conversation about this story »
Richard Cordray, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking Committee hearing in Washington, D.C.,on April 7.A judge recently ruled the CFPB's civil investigative demand issued to the Accrediting Council for Independent Colleges and Schools was outside the scope of its authority. Photographer: Andrew Harrer/Bloomberg For the [...]
PARIS (Reuters) - France's Senate Committee decided on Thursday not to pursue Societe Generale Chief Executive Frederic Oudea over allegations the bank chief misled France's upper house of parliament in 2012 regarding the French bank's activities in Panama. Show More Summary
A hearing by the Senate banking committee showed bi-partisan agreement for BDCs as a driver of growth for smaller U.S. companies, but exposed some rifts over whether financial companies should benefit from easier regulation. BDCs are seeking to reform laws, including allowing more leverage of a 2:1 debt-to-equity ratio, up from [...]
American Jewish Committe blasts Sanders’ Baltimore – West Bank comparison by Kenneth Bandler NEW YORK — The American Jewish Committee (AJC) criticized Senator Bernie Sanders for comparing socio-economic conditions in Baltimore to Palestinian communities in the West Bank. Show More Summary
Senate Banking Committee chairman Richard Shelby (R-AL) is stalling the nomination of a board member for the Export-Import Bank, which results in U.S. companies losing $50 million in exports every day.
As many Senate Republicans continue to oppose holding hearings for President Barack Obama’s nominee to the Supreme Court, Senate Majority Leader Mitch McConnell is urging Senate Banking Committee Chairman Richard Shelby to move the White House’s nomination to the Export-Import Bank’s board of directors, according to a GOP Senate staffer. Show More Summary
Release: Statement of Lisa Gilbert, Director of Public Citizen’s Congress Watch Division Note: Today, members of the U.S. Senate Committee on Banking, Housing and Urban Affairs postponed votes on block of banking nominees based on the two Securities and … Continue reading ?
U.S. Senator Elizabeth Warren Senate Republicans held a Banking Committee hearing today to talk about why we should roll back the rules on mortgages and credit cards because they’re just too costly for the banks. One of their witnesses, Leonard Chanin, had helped lead the Federal Reserve division that refused to regulate deceptive mortgages — […]
Senate Republican Banking Committee member said there's no evidence they're to blame. Elizabeth Warren replied, "Did you have your eyes stitched closed?" Massachusetts Sen. Elizabeth Warren on Tuesday grilled a former Federal Reserve official about his role in the subprime mortgage lending crisis that ushered in the 2008 economic crash. Show More Summary
A quest for a sixth term has stalled the work of the Senate banking committee, which has not approved any of President Obama’s 16 nominees.
“I have a primary, you know.” — Sen. Richard Shelby (R-AL), quoted by Bloomberg, on why he is stopping work on the Senate Banking Committee, which he chairs.