A cohort of Democratic Senate Banking Committee members Thursday demanded answers from the nation’s deposit insurer regarding an ongoing Department of Government Efficiency-led effort to cut over a thousand agency staffers. In the letter to acting Federal Deposit Insurance Corp. Chair Travis Hill, Senators Elizabeth Warren, D-Mass.; Raphael Warnock, D-Ga.; Chris Van Hollen, D-Md.; and
From left: Securities and Exchange Commission Chair-designate Paul Atkins; Comptroller of the Currency-designate Jonathan Gould; Assistant Secretary of Treasury-designate Luke Pettit; and Marcus Molinaro, Federal Transit administrator-designate. Bloomberg News WASHINGTON — The Senate Banking Committee voted to advance the nominations of key bank regulatory roles to the full Senate. The panel approved the nomination of
Rep. Maxine Waters, D-Calif., left, and House Financial Services Committee Chair French Hill, R-Ark. Bloomberg News WASHINGTON — House Republicans couldn’t quickly pass their stablecoin bill out of committee as Democratic lawmakers exhaustively introduced amendments to address fears that President Donald Trump’s cryptocurrency ambitions pose a significant conflict of interest. No votes had been taken