The economic downturn from the novel coronavirus pandemic is “without modern precedent” and “significantly worse than any recession” the U.S. has experienced since World War II, U.S. Federal Reserve Chairman Jerome Powell told a Senate panel on Tuesday.
The Senate Banking, Housing, and Urban Affairs Committee will hold a virtual hearing on Tuesday on oversight of financial regulators amid the coronavirus pandemic.
Joe Biden’s younger brother James received a series of “unusually generous” bank loans during the 1970s, while the former vice president served on the Senate Banking Committee.
The potential nomination of National Credit Union Administration (NCUA) chairman Mark McWatters as the director of the controversial Consumer Financial Protection Bureau (CFPB) has run into trouble as one industry group has raised public objections to him, while others are critical behind the scenes.
Federal Reserve nominee Jerome Powell got into a heated debate over bank regulation with Senator Elizabeth Warren Tuesday.
A woman dressed as the Monopoly board game character Rich Uncle Pennybags photobombed Equifax’s CEO testifying at a Senate hearing Wednesday.
The top Republicans on the Senate Banking Committee called on the Treasury Department Tuesday to end the policy of designating non-bank financial companies as Too Big To Fail.
Feinstein’s move is largely seen as an extension of President Obama’s belief that Iran’s nuclear program is being used solely for “peaceful purposes” and the approach of diplomacy to negotiate a resolute end.
