Powell Takes Heat from Warren on Bank Regulations
Federal Reserve Chair Jerome Powell received strong criticism last week from two top Senate Democrats for policy decisions that they said loosened regulations on the largest U.S. banks.
Yellen Wins Senate Approval as Treasury Secretary
The Senate approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary on Monday, making her the first woman to hold the job in the department’s 232-year history.
Biden Picks Warren, Ally for CFPB Head
President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed.
FDIC Offers Bank Temporary Reporting Relief on PPP Assets
Banks with more than $500 million in assets will receive temporary relief from FDIC audit requirements if they experienced growth by participating in the Paycheck Protection Program and other economic aid activities.
