Senate Banking Committee

Federal Reserve Chair Jerome Powell painted a very clear picture of what needs to happen before the central bank lowers rates during the second day of testimony in front of Congress. What To Know: Powell kicked off his semiannual testimony before the Senate Banking Committee on Tuesday. He began...

U.S. Treasury Secretary Janet Yellen warned on Thursday of the potential failure of non-bank lenders if household finances became stretched and the rate of delinquencies on loans rises. Speaking before a Senate Committee on Banking, Housing and Urban Affairs, the former Federal Reserve chair warned...

Following the successful Senate Banking Committee markup vote last week, the prospects for bicameral SAFER Banking Act legislation appeared positive in both legislative branches of government. However, the prospects thereof took a unforeseen twist yesterday as Kevin...

The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for the digital assets legislative process in Congress. The bill, championed by Republicans in the House...

Federal Cannabis reform is moving closer to reality as the Senate Banking Committee's long-awaited vote on a bipartisan marijuana banking bill becomes imminent. Senate Banking Committee Chairman Sherrod Brown (D-Ohio) told reporters that they hope to announce...

The U.S. Senate Banking Committee is poised to deliberate Wednesday on a groundbreaking bill that would grant regulators unprecedented powers to claw back executives’ compensation in the aftermath of bank failures. The proposed legislation, championed by Senate Banking Committee Chairman...

A coalition of marijuana advocacy groups, known as SAFE Banking for Equity is demanding a leap forward in the cannabis industry. They are urging senators to expand financial inclusion and a rightful place for cannabis businesses on senior U.S. stock exchanges. Their mission is...

The Senate Banking Committee has officially scheduled a hearing to take up the Secure and Fair Enforcement (SAFE) Banking Act on Thursday, May 11 at a meeting titled “Examining Cannabis Banking Challenges of Small Businesses and Workers,” reported Marijuana Moment Thursday evening...

Ohio Senator Sherrod Brown (D) said on Thursday that a hearing on bipartisan banking could happen as soon as next week, reported Marijuana Moment. Brown, Senate Banking Committee Chairman, told NBC News reporters that his panel could hold a hearing on the Secure and Fair Enforcement (SAFE)...

The U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) on Wednesday introduced the Federal Reserve Accountability Act that intends to increase accountability, address left-leaning political activism, and ensure greater geographic and professional diversity within the Federal Reserve...

Sen. Jon Tester (D-Mont.) has expressed his views on why cryptocurrency has "not been able to pass the smell test" for him. What Happened: In a Sunday appearance on NBC's "Meet the Press," host Chuck Todd asked the teacher-turned-senator whether " the government should...

The Federal Reserve has taken some heat for moving too slow to cool inflation.  Fed Chair Jerome Powell looked back on what went wrong Thursday during the second day of a congressionally mandated semiannual report on monetary policy. What Happened: Powell ...

Federal Reserve Chair Jerome Powell rehashed the central bank's desire to cool down inflation on Wednesday as part of a congressionally mandated semiannual report on monetary policy. What To Know: Powell testified Wednesday in front of the Senate Banking Committee...

Treasury Secretary Steven Mnuchin spoke to the Senate Banking Committee endorsing chairman Mike Crapo’s banking deregulation bill that would raise the systemically important financial institution asset threshold from $50 billion to $250 billion, reducing the number of institutions that would...