Majority Press Releases
Warren, Brown Criticize Fed Vice Chair Quarles' "Outrageous and Irresponsible" Lobbying for Regulatory Favors for Big Banks in COVID-19 Relief Package
Text of letter to Quarles (PDF) Text of letter to Powell (PDF) Washington, DC - United States Senators Elizabeth Warren (D-Mass.) Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs' Subcommittee on Consumer Protection and Financial Institutions, and Sherrod Brown (D-Ohio), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Federal Reserve's Vice Chairman for Supervision Randal Quarles questioning why he … Continue Reading
July 31, 2020
Brown, Warren, and Harris Call On CFPB To Protect Borrowers from Discrimination
United States Senators Sherrod Brown (D-Ohio), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and Elizabeth Warren (D-Mass.) Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs’ Subcommittee on Consumer Protection and Financial Institutions, and Kamala D. Harris (D-Calif.) sent a letter to Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger urging the agency to take immediate actions to address potential viola… Continue Reading
July 29, 2020
At Hearing Brown Pushes CFPB Director To Protect Consumers, Not Corporations
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled ‘The Consumer Financial Protection Bureau’ Semiannual Report to Congress’.Sen. Brown’s remarks, as prepared for delivery, follow: Thank you, Mr. Chairman, for holding this virtual hearing, and thank you, Director Kraninger, for participating in this hearing remotely to practice social … Continue Reading
July 23, 2020
Brown Statement On The Passage Of His Bipartisan Bill To Prevent Garnishment Of Relief Payments
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement following passage of a bill he introduced with Senate Finance Committee Chairman Chuck Grassley (R-Iowa), Finance Committee Ranking Member Ron Wyden (D-Ore.), and Sen. Tim Scott (R-S.C.) to protect CARES Act recovery payments provided from garnishment by private debt collectors: “During this public health crisis, Congre… Continue Reading
July 23, 2020
Brown’s Statement on HUD’s Action to Undermine the Fair Housing Act
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the Administration announced its final Affirmatively Furthering Fair Housing (AFFH) rule, gutting a key element of the Fair Housing Act:“It’s a dark day for the country when the President boasts about maintaining housing segregation, and the agency charged with carrying out the Fair Housing Act becomes a tool to help… Continue Reading
July 23, 2020
Brown Calls On His Colleagues To Pass Rental Assistance And Provide Relief For Millions Of Renters And Homeowners
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today continued his push for emergency rental assistance to help the millions of people struggling to pay their rent or at risk of losing their homes.“The House passed the HEROES Act nearly two months ago. That would have eliminated these cliffs, provided $100 billion in emergency rental assistance, and given families some peace of mind,” said, Senator Brow… Continue Reading
July 21, 2020
Brown’s Remarks During Executive Session On The Nominations Of Dr. Judy Shelton And Dr. Christopher Waller
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today delivered remarks during an Executive Session to consider the nominations of Dr. Judy Shelton and Dr. Christopher Waller to be Members of the Board of Governors of the Federal Reserve System:Thank you, Mr. Chairman.And thank you to all of my colleagues for wearing masks today. It keeps all of us in this room safe, including staff members. It model… Continue Reading
July 21, 2020
Brown Opening Statement at Nomination Hearing
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing on nominations to the Securities and Exchange Commission and the National Credit Union Administration Board:Thank you, Chairman Crapo, for holding today's nomination hearing.First, I want to take a brief moment to remember my friend and colleague, Representative John Lewis. Let us honor his lega… Continue Reading
July 21, 2020
Brown, Cortez Masto, Colleagues Press OCC For Information On The Agency’s Fair Lending Oversight
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-Ohio), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and U.S. Sen. Catherine Cortez Masto (D-Nev.) today joined 16 of their Senate colleagues in sending a letter to the Office of the Comptroller of the Currency (OCC), pressing the agency for information on how it pursues violations of civil rights laws by financial institutions. The Senators cited press reports that show the OCC undermined OCC examiners’ e… Continue Reading
July 16, 2020
BROWN, LEADER SCHUMER, SENATE DEMOCRATS ANNOUNCE HISTORIC PROPOSAL FOR $350 BILLION INVESTMENT IN COMMUNITIES OF COLOR
WASHINGTON, D.C. - Today, U.S. Senator Sherrod Brown (D-OH), Senate Democratic Leader Chuck Schumer (D-NY) and Senate Democrats today unveiled the Economic Justice Act, a major new legislative proposal to make $350 billion in immediate and long-term investments in Black communities and other communities of color. For far too long, Congress has underfunded critical priorities like public health, child care, infrastructure, and job creation in these communities. Senate Democrats’ plan woul… Continue Reading
July 10, 2020
Senate Banking Committee Democrats Urge Chairman Crapo To Hold Another Hearing On Dr. Judy Shelton’s Nomination to the Federal Reserve Board
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, led a letter signed by all Committee Democrats to U.S. Senator Mike Crapo (R-ID), Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs urging him to hold another hearing on Dr. Judy Shelton’s nomination for the Board of Governors of the Federal Reserve before moving her nomination forward. On Friday, Chairman Crapo announced that he … Continue Reading
July 10, 2020
ICYMI: Brown, Klobuchar Call On The Office Of The Comptroller Of The Currency to Ensure Banks Provide Relief to Homeowners
WASHINGTON - United States Senator Sherrod Brown (D-OH) Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and U.S. Senator Amy Klobuchar, led seven colleagues in a letter to the Office of the Comptroller of the Currency calling for clarification regarding the critical role played by state and local officials—including Governors and Attorneys General—in working with banks to provide relief to homeowners and mortgage holders during the coronavirus pandemic.… Continue Reading
July 9, 2020
Brown Statement on the Supreme Court’s Split Rulings on President Trump’s Financial Records
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the Supreme Court split its decisions regarding whether the President had to release financial documents to law enforcement and Congress.“Today’s Supreme Court decisions on President Trump’s financial records make clear that no one, not even the President, is above the law. Although the Court did not require immediat… Continue Reading
July 7, 2020
Brown Blasts The Trump Administration for Gutting The Payday Lending Rule
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement following the Consumer Financial Protection Bureau’s (CFPB) announcement of a new payday lending rule. The CFPB previously issued a 2017 rule under former Director Cordray that required payday lenders to determine that consumers can repay loans. The new rule eliminates this critical protection and follows reports that Trump's political app… Continue Reading
July 6, 2020
Brown Statement on the Release of Critical PPP Loan Data
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after news that U.S. Small Business Administration (SBA) and The Treasury Department released data on the borrowers of Paycheck Protection Program (PPP) loans:“The Administration releasing this data is a first step that will allow for proper oversight and inform future stimulus plans,” said, Senator Brown. “The American… Continue Reading
July 2, 2020
Brown Statement on HUD’s New Anti-Trans Rule
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after reports showed the Department of Housing and Urban Development has proposed a new rule that would impede transgender individuals’ access to shelters.“Once again the Trump Administration has reached new levels of cruelty - advancing another housing rule that would undermine the humanity of transgender people and thei… Continue Reading
July 1, 2020
Brown, Colleagues Press Treasury Department’s FinCEN to Brief Senators on Possible Russian Bounty-linked Wire Transfers
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today joined Senators Jack Reed (D-RI), and Bob Menendez (D-N.J.), in a letter to Kenneth A. Blanco, Director of the Financial Crimes Enforcement Network (FinCEN) expressing concern regarding press reports that cite evidence of the existence of intercepted electronic data showing large financial transfers from a bank account controlled by Russia’s military… Continue Reading
July 1, 2020
Brown Condemns The GOP For Holding Up Rental Assistance And Relief For Millions Of Renters and Homeowners
Download production quality video here.WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today continued his push for more rental assistance and to urge his colleagues to help the for the millions of people struggling to pay their rent and bills or at risk of losing their homes.“The Trump Administration has pretty much given up - but we can’t. We need to do our jobs. We need to show leadership where the pr… Continue Reading
July 1, 2020
Brown Urges Senate Action on Bipartisan Anti-Money Laundering Amendment to NDAA
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement on the Crapo-Brown Amendment to the National Defense Authorization Act (NDAA). The legislation called the “Anti- Money Laundering Act of 2020,” would increase transparency in our nation’s financial system and combat the use of anonymous shell companies to commit financial crimes. “Money laundering is never a victimless c… Continue Reading
July 1, 2020
Brown Blasts DataWorks Plus’ Unreliable Facial Recognition Technology
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today sent a letter to DataWorks Plus asking the company to provide information to Congress regarding the use of the company’s FACE Plus and FACE Watch Plus facial recognition technology in law enforcement across the nation. Brown cited a New York Times report that revealed that the technology led directly to the wrongful arrest of Robert Julian-Borchak Williams of Michigan… Continue Reading
