
Claire Williams covers banking policy matters on Capitol Hill. She previously wrote about financial and economic policy for Morning Consult and earlier had stints at S&P Global and the Arkansas Democrat-Gazette.

Claire Williams covers banking policy matters on Capitol Hill. She previously wrote about financial and economic policy for Morning Consult and earlier had stints at S&P Global and the Arkansas Democrat-Gazette.
Federal Deposit Insurance Corp. Chairman Martin Gruenberg said that the rise of hybrid and remote work, alongside rising interest rates, could be creating lingering risk in the maturity of some bank loans.
Democrats on the Banking Committee, led by Sen. Jack Reed of Rhode Island, say the peer-to-peer payments network's customer reimbursement and anti-money-laundering policies need more thorough scrutiny.
Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, D-N.Y., said that the bill would address some concerns from various regulators, but will steer clear of addressing access to Federal Reserve master accounts.
The legislation cleared the panel Tuesday night, but Democratic misgivings mean it faces an uphill climb in the Senate.
Americans for Financial Reform say in an amicus brief that the Second Circuit should revisit a 30-year old decision ruling that loan participations were not securities.
House Financial Services Committee Chairman Patrick McHenry's, R-N.C., bill would overrule state privacy rules.
Jodie Harris is leaving the Community Development Financial Institutions Fund this spring to be president of the Philadelphia Industrial Development Corp.
House majority whip Rep. Tom Emmer, R-Minn., introduced a similar bill last year before joining House leadership in this Congress.
The Senate Banking Committee member, a Democrat from Montana, helped pass a bill that loosened Dodd-Frank restrictions for larger regionals and community banks.
Some Republicans wrote to the FBI, asking for an investigation into Dominic Ng, who was recently appointed to the Asia-Pacific Economic Cooperation's Business Advisory Council, citing allegations he worked for two Chinese intelligence operations front groups.
Sen. Elizabeth Warren, D-Mass., specifically called out acting Comptroller of the Currency Michael Hsu, saying that he "needs to learn how to say no to anticompetitive bank mergers."
Senate Banking panel ranking member Sen. Tim Scott, R-S.C., called on Securities and Exchange Commission Chairman Gary Gensler to appear before the committee.
The regulatory authority could reinstate the ability to impose banklike regulation on firms it finds to be 'systemically important.'
Federal Housing Finance Agency Director Sandra Thompson said that Federal Home Loan Banks benefit from the implied guarantee of the U.S. government.
The president urged Congress to pass a law that would reduce credit card late fees to $8.
Coinbase, Paxos, MetaBank and PayPal all claim the primary purpose exception, which allows companies to place deposits at banks without limits applied to brokered deposits.
Sens. J.D. Vance, R-Ohio, John Fetterman, D-Pa., and Katie Britt, R-Ala., take seats on the Senate Banking Committee.
House Financial Services Committee Chairman Patrick McHenry, R-N.C., said that if legislation would increase spending, lawmakers need to offset that spending within the committee's jurisdiction.
The group, led by Senate Banking Chairman Sen. Sherrod Brown, said nonperforming loans sold to single family housing rental businesses or private equity firms results in the displacement of homeowners.
Sens. Elizabeth Warren, D-Mass., Roger Marshall, R-Kan., and John Kennedy, R-La., asked Silvergate if the bank knew about FTX's alleged misuse of customer funds.