Minority Press Releases

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


June 30, 2020

Brown Calls For A More Equitable Banking System

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 Digitization of Money and Payments.”Sen. Brown’s remarks, as prepared for delivery, follow:Big Tech companies have made a lot of big promises about the better society they were going to allow us to build.And they have not lived up to them.They sold us the idea the technology they’d… Continue Reading


June 30, 2020

ICYMI: Sens. Menendez, Brown Introduce Bill to Support Homeowners, Renters Struggling Amid COVID-19 Pandemic and Economic Fallout

WASHINGTON, D.C. - U.S. Senators Bob Menendez (D- N.J.) and Sherrod Brown (D-Ohio) today introduced the Coronavirus Housing Counseling Improvement Act to expand access to critical information, assistance programs and services for millions of families struggling to remain in their homes because of the COVID-19 pandemic and economic fallout. The bill is co-sponsored by Senators Chris Van Hollen (D-Md.), Kyrsten Sinema (D-Ariz.),Tina Smith (D-Minn.), Cory Booker (D.N.J.), Elizabeth Warren (D-… Continue Reading


June 29, 2020

Brown, Colleagues Introduce Legislation to Extend Nation-wide Moratorium on Evictions

Washington, DC - United States Senator Sherrod Brown (D-OH) Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, Congressman Jesús G. "Chuy" García (D-IL), a member of the House of Representatives Committee on Financial Services, and Congresswoman Barbara Lee (D-CA) introduced the Protecting Renters… Continue Reading


June 29, 2020

Brown Statement on the Supreme Court’s Ruling on the Constitutionality of the CFPB

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 the Supreme Court’s decision to undermine the structure of the Consumer Financial Protection Bureau’s (CFPB). The ruling is a win for corporations and a loss for consumers.“Today’s decision is just the latest example of the Supreme Court putting corporations over consumers. It flies in the face of the hard lesso… Continue Reading


June 29, 2020

ICYMI: BROWN WIRED OP-ED: Privacy Isn’t a Right You Can Click Away

WASHINGTON, D.C. - In case you missed it, U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - penned an op-ed in Wired Magazine today about his proposal, the Data Accountability and Transparency Act of 2020, which creates a new framework for Americans to hold corporations, big tech, and the government responsible for how they collect and protect personal data.“Privacy is a civil right. But corporations force you to sign it … Continue Reading


June 25, 2020

Brown Blast Trump Regulators For Rolling Back Key Financial Protections

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 federal banking agencies finalized changes to the Swap Margin rule, the Volcker Rule, and a rule permitting “Rent-a-Bank” schemes. These are additional actions in a long line of decisions by the Trump regulators to put Wall Street interests over those of hardworking Americans as the economy struggles to recover … Continue Reading


June 25, 2020

Senators Warren and Brown Call for Capital One & Major Debt Collectors to Immediately Suspend Lawsuits and Wage Garnishment Practices During the COVID-19 Pandemic

Text of Letter to Capital One (PDF) | Text of Letter to Encore Capital (PDF) | Text of Letter to PRA Group (PDF) | Text of Letter to Alorica Inc. (PDF) Washington, DC - United States Senators Elizabeth Warren (D-Mass.), a member of the Senate Banking Committee, and Sherrod Brown (D-Ohio), Ranking Member of the Senate Banking Committee sent letters to Capital One Financial Corp. and to Encore Capital Group, PRA Group, Alorica Inc., three of the nation's largest debt collectors, following … Continue Reading


June 24, 2020

Warren and Brown Urge Regulators: Reverse Rule that Weakens Capital Requirements and Makes Banks More Vulnerable to Collapse During this Crisis

Text of Letter (PDF)Washington, DC - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, and Senator Sherrod Brown (D-Ohio), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today raised concerns to the Federal Reserve Board of Governors (Fed), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Curr… Continue Reading


June 24, 2020

SCHATZ, SENATORS URGE FED TO SUSPEND PAYMENTS TO SHAREHOLDERS DURING PANDEMIC, ENSURE STABILITY OF U.S. FINANCIAL SYSTEM

WASHINGTON - U.S. Senator Brian Schatz (D-Hawai‘i) led a group of senators in calling on the Federal Reserve (“the Fed”) to require banks to suspend dividend payments to shareholders as the economy struggles to recover from the ongoing COVID-19 crisis. The senators urged Fed Chair Jerome Powell and Vice Chair Randal Quarles to ensure banks conserve capital now so that they can continue lending if the economic fallout from the pandemic turns more severe.“The banking system will face increa… Continue Reading

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