Browsing: Policy

Newsbytes

Testifying before the Senate Banking Committee today, Saule Omarova—President Biden’s nominee to serve as the next comptroller of the currency—faced tough questions from lawmakers on both sides of the aisle about her views on banking, including her opposition to the bipartisan S. 2155 regulatory reform law that was championed by the American Banking Association.

Community Banking

In prepared testimony submitted ahead of her nomination hearing tomorrow, Saule Omarova, President Biden’s nominee for comptroller of the currency, said her top priority if confirmed “will be to guarantee a fair and competitive market where small and mid-size banks that invest in their neighbors’ homes and small businesses can thrive, and where every community—regardless of wealth, geography, or history—has access to safe and affordable financial services.”

Newsbytes

In a joint letter with the Independent Community Bankers of America and the National Community Reinvestment Coalition today, the American Bankers Association urged lawmakers to schedule an oversight hearing for the National Credit Union Administration, in light of several recent NCUA rulemakings that the groups said “would undermine important statutory guardrails designed to protect low-income consumers.”

Legal

The Sixth Circuit Court of Appeals was chosen to hear the complaints filed by several governors and private entities challenging the emergency temporary standard that would require all employers with 100 or more employees to be fully vaccinated or tested weekly for COVID-19.

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