Brendan Pedersen covered Capitol Hill and regulatory politics for American Banker until September 2022. From 2019-2021, he covered the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency as well as fintech policy. Originally from Chicagoland, he was previously a staff writer for Kiplinger's Personal Finance and covered local business affairs in Denver, Colorado for BusinessDen.
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It remains to be seen what the capped price for Russian oil will be or whether the move will stabilize world energy prices.
September 2 -
The 117th Congress has been surprisingly kind to the banking industry as a whole so far. Can the trend last through the fall?
September 2 -
Rep. Raja Krishnamoorthi, an Illinois Democrat who chairs the House Oversight Committee's consumer protection panel, sent letters to regulators and crypto exchanges demanding more be done to curb crypto fraud.
August 30 -
Banks have long lamented the lack of transparency surrounding the government's use of suspicious activity reports, which are submitted to Fincen and passed along to the department.
August 25 -
First elected to the House in 1992, Rep. Carolyn Maloney has played a key role in passing major financial legislation, including the 2009 "bill of rights" for credit card consumers. Rep. Jerry Nadler, another House veteran, won their intraparty clash forced by redistricting.
August 23 -
The $369 billion directed toward climate preparedness in the Inflation Reduction Act is expected to reverberate through the economy for years to come and could supercharge private investment in the nation's clean energy sector.
August 21 -
The Federal Deposit Insurance Corp. issued the letters ordering the companies to stop making false or misleading representations of deposit insurance.
August 19 -
The law, signed by President Biden on Tuesday, represents the single largest investment towards climate preparedness in the history of the federal government.
August 16 -
A new bipartisan senate caucus organized around community development financial institutions is just the latest sign that the sector's political influence is reaching new heights.
August 15 -
Rep. Carolyn Maloney has emerged as a champion of overdraft reform in the House but faces a challenging primary against fellow Democratic Rep. Jerry Nadler next Tuesday.
August 15