
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.
In Kirschner, v. JPMorgan Chase Bank, N.A — a case that could drastically change banks' role in the syndicated loan market — judges in the Second Circuit wondered how banking regulators view the syndicated loan market.
The voluntary liquidation of one of the most crypto-friendly banks has sent ripples through political and policy circles, but the concrete effects and lessons to be learned may take time to untangle.
In a subcommittee hearing on the CFPB, Rep. Andy Barr, R-Ky., sought to dismiss "sky is falling" concerns about other agencies' funding structures being questioned in wake of potential Supreme Court decision.
The "Taking Account of Bureaucrats' Spending Act" would subject the Consumer Financial Protection Bureau to congressional appropriations and change the name of the bureau to the Consumer Financial Empowerment Agency.
The lawmakers, led by Senate Banking Committee Chairman Sherrod Brown, D-Ohio, said that "banks are delaying the process of resolving their fraud claims by weeks and even months."
For some political strategists, rising economic populism in the Republican party could mean that more financial services firms could face more political risk.
Acting Comptroller of the Currency Michael Hsu compared FTX's unwinding to the collapse of Bank of Credit & Commerce International, which similarly operated across borders to evade regulatory scrutiny.
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.'