December 12, 2024
Ranking Member Tim Scott (R-S.C.) released the following statement on the Consumer Financial Protection Bureau’s (CFPB) final rule capping overdraft fees at banks and credit unions:
“As I’ve said repeatedly, lawful and contractually agreed upon payment incentives promote financial discipline and responsibility and protect access to important financial services. With just over a month until the next administration takes over, Director Chopra should never have finalized this rule in the first pla… Continue Reading
December 11, 2024
After Chairman Brown’s last-minute postponement of today’s U.S. Senate Committee on Banking, Housing, and Urban Affairs markup vote on President Biden’s partisan nominees, Ranking Member Tim Scott (R-S.C.) slammed the committee’s dysfunction and lack of transparency.
In his opening statement, Ranking Member Scott also called out Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra for ignoring his demands to pause rulemaking and pressing forward with an aggressive agenda - even aft… Continue Reading
December 11, 2024
Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, held his final hearing titled “Consumer Protection: Protecting Workers’ Money and Fighting for the Dignity of Work.”
Brown joined the Banking, Housing and Urban Affairs Committee in 2007 during his first Senate term. He became Ranking Member in 2015 and took over as Chair in 2021.
Sen. Brown’s remarks, as prepared for delivery follow:
When I joined this committee in 2007 it had a… Continue Reading
December 11, 2024
September 12, 2024
July 31, 2024
