Minority Press Releases

July 15, 2015

Sen. Brown Opening Statement at Hearing on CFPB Semi-Annual Report to Congress

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 opening statement, as prepared for delivery, at today's hearing on the Consumer Financial Protection Bureau's semi-annual report to Congress. Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The Consumer Financial Protection Bureau's Semi-Annual Report to Congress" July 15, 2015 … Continue Reading


July 8, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on the Financial Stability 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 - released the following opening statement, as prepared for delivery, at today's hearing entitled "The Role of the Financial Stability Board in the U.S. Regulatory Framework." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The Role of the Financial Stability Board in the U.S. Regulatory Framework." July … Continue Reading


June 29, 2015

Brown Statement on Expiration of Export-Import Bank's Charter

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - issued the following statement on tomorrow's expiration of the Export-Import Bank's authority to issue new loans, insurance, and credit guarantees. Unless Congress renews the bank's charter, export-related American jobs will be put at risk, and businesses in Ohio and nationwide will lose a critical tool for selling their products in the global marketplace. "Th… Continue Reading


June 25, 2015

Brown Statement on Supreme Court Ruling to Uphold Protections Against Housing Discrimination

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - issued the following statement in response to the Supreme Court ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project. The ruling upheld a critical tool used for more than four decades to prevent discrimination in American housing. "Today's decision is a major victory for civil rights and equal opportunity in America," … Continue Reading


June 18, 2015

Brown Applauds Treasury's Move to Feature a Woman on New $10 Bill

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 issued the following statement after U.S. Treasury Secretary Jacob J. Lew's announced that a woman will be featured on the redesigned $10 bill. The new $10 bill will be issued in 2020 during the 100th anniversary of the Constitution's 19th Amendment, which gave women the right to vote. "America's currency is one of the most visible means we have for comm… Continue Reading


June 9, 2015

Brown Urges Vote to Reauthorize Export-Import Bank

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 issued the following statement urging Congress to reauthorize the Export-Import Bank before its charter expires on June 30, 2015. "The Export-Import Bank is vital to helping U.S. businesses grow, create jobs, and compete in the global economy. Congress should continue its bipartisan tradition of reauthorizing the Export-Import Bank now and avoid another … Continue Reading


June 5, 2015

Brown Urges Action to Stop Predatory Payday Lending

WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) -- ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs -- urged the nation's top consumer agency to establish strong rules to combat predatory practices in the payday loan market. The Consumer Financial Protection Bureau (CFPB) is now considering new rules to address payday lending, a practice that often traps borrowers in a cycle of debt. In a letter yesterday to CFPB Director Richard Cordray, Brown joined more th… Continue Reading


June 4, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on Oversight of Export-Import Bank

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 opening statement, as prepared for delivery, at today's hearing entitled "Oversight of the Export-Import Bank of the United States." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Oversight of the Export-Import Bank of the United States" June 4, 2015 Thank you, Mr. Chairman, fo… Continue Reading


June 3, 2015

Committee Democrats Announce Unanimous Support for Measure to Aid Main Street Banks, Protect Consumers

WASHINGTON, D.C. - Leading Democrats on the Senate Banking and House Financial Services Committees today announced the broad support of Democratic Members for legislation to provide targeted relief to small financial institutions and protect consumers. The measure, which was introduced in both the House of Representatives and the United States Senate, has the unanimous support of Democratic Members of the respective committees. Entitled the "Community Lender Regulatory Relief and Consumer Prote… Continue Reading


June 2, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on Export-Import Bank

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 opening statement, as prepared for delivery, at today's hearing entitled "Perspectives on the Export-Import Bank of the United States." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Perspectives on the Export-Import Bank of the United States" June 2, 2015 Thank you, Mr. Chairm… Continue Reading


May 21, 2015

Brown Urges Action to Protect Consumers' Rights in Disputes with Financial Services Providers

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 urged the nation's top consumer agency to protect consumers' right to seek legal relief in disputes with financial services companies. Brown joined more than 50 members of Congress in calling on the Consumer Financial Protection Bureau (CFPB) to eliminate the use of mandatory arbitration clauses that are often buried in the fine print of checking accou… Continue Reading


May 21, 2015

Brown, Committee Democrats Oppose Sweeping Banking Overhaul That Rolls Back Wall Street Reform

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 voted against a broad financial services deregulation package during a Banking Committee markup. The legislation, which the committee approved on a party-line vote, would undermine sensible consumer protections and rules for large banks and nonbanks under the guise of helping Main Street financial institutions. "There is strong bipartisan consensus to he… Continue Reading


May 21, 2015

Sen. Brown Opening Statement at Markup of Sweeping Financial Services Overhaul

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 opening statement, as prepared for delivery, at today's markup of legislation entitled "The Financial Regulatory Improvement Act of 2015." Brown's remarks, as prepared for delivery, follow. Sen. Sherrod Brown - Opening Statement Markup of "The Financial Regulatory Improvement Act of 2015" May 21, 2015 Thank you, Senator Shelb… Continue Reading


May 21, 2015

ICYMI: Consumer Advocacy Groups Oppose "The Financial Regulatory Improvement Act of 2015"

AFL-CIO: "The 2008 financial crisis nearly brought down the world's financial system. Domestically, the crisis resulted in the loss of homes, jobs, and retirement savings for millions of Americans, including thousands of our members. Working people suffered the consequences of Wall Street greed and, in 2010, many in Congress worked to pass Dodd-Frank to prevent another crisis from doing the same. The AFL-CIO then and now strongly supports Dodd-Frank, and we have consistently spoken out in opposi… Continue Reading


May 19, 2015

Banking Committee Democrats Introduce Plan to Help Main Street Banks and Protect Consumers

WASHINGTON, D.C. - Democrats on the U.S. Senate Committee on Banking, Housing, and Urban Affairs today unveiled a proposal to provide targeted regulatory relief for America's smallest financial institutions, while strengthening consumer protections. All 10 of the committee's Democrats support the plan, which they will offer as an alternative when the committee considers "The Financial Regulatory Improvement Act of 2015." "The Banking Committee's hearings this year have demonstrated that Democra… Continue Reading


April 28, 2015

Sen. Brown Opening Statement at Banking Committee's Hearing on Insurance Regulation

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 opening statement, as prepared for delivery, at today's hearing entitled "The State of the Insurance Industry and Insurance Regulation." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "The State of the Insurance Industry and Insurance Regulation." April 28, 2015 Thank you… Continue Reading


April 23, 2015

Sen. Brown Opening Statement at Banking Committee’s Hearing on Surface Transportation Reauthorization

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 opening statement, as prepared for delivery, at today's hearing entitled "Surface Transportation Reauthorization: Building on the Successes of MAP-21 to Deliver Safe, Efficient, and Effective Public Transportation Services and Projects." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearin… Continue Reading


April 21, 2015

Sen. Brown Opening Statement at Banking Committee’s Hearing on Surface Transportation Reauthorization

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 opening statement, as prepared for delivery, at today's hearing entitled "Surface Transportation Reauthorization: Building on the Successes of MAP-21 to Deliver Safe, Efficient, and Effective Public Transportation Services and Projects." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement: "Surf… Continue Reading


April 16, 2015

Sen. Brown Opening Statement at Banking Committee’s Hearing on Mortgage Credit Availability

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 opening statement, as prepared for delivery, at today's hearing on mortgage credit availability. Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement: Hearing on Mortgage Credit Availability April 16, 2015 Thank you, Chairman Shelby, and thank you to our witnesses for being here today. … Continue Reading


March 3, 2015

Sen. Brown Opening Statement at Banking Committee’s Hearing on Fed Reform and Accountability

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 opening statement, as prepared for delivery, at today's hearing entitled, "Federal Reserve Accountability and Reform." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Federal Reserve Accountability and Reform" March 3, 2015 Thank you, Mr. Chairman. The Federal Re… Continue Reading

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