May 14, 2024
Today, U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement on the Federal Reserve’s update to trading rules for members of the Federal Reserve Board and governors.
“Public officials, whether at the Fed or in Congress, must serve the American people - not their own stock portfolios. The Board’s latest update to its trading rules still fails to establish the clear penalties needed for Federal Reserve offic… Continue Reading
May 09, 2024
Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, raised concerns about corporations unfairly hiking prices by exploiting customer data and using pricing algorithms. In letters to the CEOs of Amazon and Walmart, Senator Brown made clear that “dynamic pricing” often leads to higher prices for consumers. He pressed for answers on how the companies are using these new technologies to set prices.
“Prices are still too high for many of… Continue Reading
May 09, 2024
Ranking Member Tim Scott (R-S.C.) once again called out his Democratic colleagues for shirking responsibility for the consequences of President Biden’s economic policies. At today’s Senate Committee on Banking, Housing, and Urban Affairs hearing, Ranking Member Scott pointed to the Biden administration’s efforts to target legitimate, standard payment incentives instead of reducing the administration’s burdensome regulatory agenda that has increased costs for consumers across the country.
Last m… Continue Reading
May 02, 2024
April 18, 2024
April 09, 2024
