Senate Banking Committee member Elizabeth Warren is concerned the Federal Reserve may be “turning a blind eye” to alleged misconduct by America’s largest bank.
The Senate Banking Committee will hold a hearing next week to address concerns that some financial institutions cut off customers because of their political views, a practice known as “debanking.”
The US Senate Banking Committee Republicans have officially dropped their lineup of witnesses for the Feb. 5 crypto-focused debanking hearing. The witnesses are Nathan McCauley (CEO of Anchorage Digital),
Sen. Tim Scott (R-SC) told a group of reporters on Tuesday that de-banking would be a major focus with him at the helm of the Senate Banking Committee.
The announcement took Piepszak out of the running in the closely-watched JPMorgan succession race. For a few years, the former firm CFO had served as co-CEO of consumer and commun
Cannabis rescheduling could result in banks like Chase opening their doors and welcoming the marijuana industry's billions in earnings.
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.
The Senate Banking Committee will hold a hearing regarding concerns over debanking and its impact on Americans, along with the role played by financial regulators in such decisions.