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In her opening questions, committee ranking member Elizabeth Warren, D-Mass., noted that In January 2023, the CFPB sued Capital One — Johnson's... READ MORE

7m ago
Elizabeth Warren
Scott praises Johnson's restraint; Warren calls pick a 'mistake'
33m ago
Committee approves Phelen, Crews on partisan lines
56m ago
Synchrony Financial CEO Brian Doubles

Synchrony Financial joined the chorus of banks that were enjoying the healthy credit cycle as consumers maintained discretionary spending despite ongoing affordability concerns and persistent inflation.

The regional bank faced months of pressure to end its relationship with CoreCivic and The Geo Group, two of the country's largest private prison operators. On Friday, it said it would "exit the credit facilities" it has in place for those companies, attributing the decision to business factors, not pressure from activists.

Sen. Ruben Gallego, D-Ariz.

Draft cryptocurrency market structure legislation published Wednesday includes an ethics agreement that falls short of what Senate Democrats want and stablecoin yield language that banks have already disavowed.

Technology
Jonathan Gould

There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.

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