The failures of Silicon Valley Bank (SVB) and Signature Bank were unlike any in history. U.S. lawmakers are hoping to get to the bottom of just why they were, and how the catastrophes could have been prevented. Executives from the collapsed lenders were in the...
Another day, another congressional committee hearing on the FTX crypto collapse. Fresh off of Tuesday’s (Dec. 13) House Financial Services Committee hearing covering the collapse of cryptocurrency exchange FTX, the Senate Committee on Banking, Housing, and Urban Affairs held its own earlier Wednesday (Dec. 14)....
The head of the Senate Banking Committee is calling for tougher cryptocurrency regulation. In a letter published Wednesday (Nov. 30), U.S. Senator Sherrod Brown called on Treasury Secretary Janet Yellen to work with him and other regulators to craft stronger crypto laws following the collapse...
Democratic senators Sherrod Brown of Ohio and Brian Schatz of Hawaii wrote letters to Visa, Mastercard and Stripe asking that the firms rethink their membership in Facebook’s Libra Association, Bloomberg reported on Tuesday (Oct. 8). The senators said that Libra is a risk to the...
June 16, 2023
A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. The four senators — Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts, Jack Reed of Rhode Island and Bob Menendez of New Jersey — wrote to the two companies Thursday (June 15) seeking detailed information about their fraud prevention tactics. […]
November 30, 2022
The head of the Senate Banking Committee is calling for tougher cryptocurrency regulation. In a letter published Wednesday (Nov. 30), U.S. Senator Sherrod Brown called on Treasury Secretary Janet Yellen...
October 09, 2019
Democratic senators Sherrod Brown of Ohio and Brian Schatz of Hawaii wrote letters to Visa, Mastercard and Stripe asking that the firms rethink their membership in Facebook’s Libra Association, Bloomberg...
June 19, 2018
House Minority Leader Nancy Pelosi has criticized President Trump’s reported pick to head the Consumer Financial Protection Bureau (CFPB), saying that Republicans are more concerned about the interests of banks...
