Senate Democrats pressured the heads of the three major credit ratings agencies on April 27 to disregard the debt incurred by borrowers for medical expenses. “People are busy enough with their children and their jobs and their lives,” said Sen. Sherrod Brown (D-Ohio), the chair of the Senate Committee on Banking, Housing, and Urban Affairs….
Senate Democrats Pressure Credit Agencies to Ignore Medical Debt of Borrowers
Ohio Senators Introduce Railway Safety Bill to Prevent Future Derailments
March 2, 2023
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Sens. J.D. Vance (R-Ohio) and Sherrod Brown (D-Ohio) have announced new legislation to improve railway safety and prevent future derailments, like the one that recently devastated their constituents in East Palestine, Ohio. Co-sponsored by Sens. Bob Casey (D-Penn.), John Fetterman (D-Penn.), Marco Rubio (R-Fla.), and Josh Hawley (R-Mo.), the bipartisan bill (pdf) aims to enhance…
Cancer-Causing Chemicals Could Be Spreading From Derailment Site: Ohio Senators
February 21, 2023
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Sens. J.D. Vance (R-Ohio) and Sherrod Brown (D-Ohio) are sounding the alarm over the potential spread of “highly toxic,” cancer-causing pollutants from the East Palestine, Ohio, site where a Norfolk Southern train derailed on Feb. 3. In a Feb. 18 letter (pdf) to U.S. Environmental Protection Agency (EPA) Administrator Michael Regan and Ohio Environmental Protection…
Ohio Senator: East Palestine Residents Are ‘Right to Be Skeptical’ After Toxic Train Crash
Sen. Sherrod Brown (D-Ohio) on Sunday noted that residents of East Palestine are “right to be skeptical” after a train derailed and emitted toxic chemicals into the air, water, and land near the homes. “Should the residents accept the assurances from the government or are they right to be skeptical?” anchor Pamela Brown asked Brown,…
Ohio Senators Raise Concerns Following East Palestine Rail Derailment
The two senators from Ohio spoke out on Monday calling attention to the environmental impacts in East Palestine, following the derailment of a freight train carrying chemicals earlier this month. Sen. J.D. Vance (R-Ohio) said in a statement that he is “horrified” by the train derailment and said that many questions remain unanswered. “Is the…
Ohio Senators Raise Concerns Following East Palestine Train Derailment
The two senators from Ohio spoke out on Monday calling attention to the environmental impacts in East Palestine, following the derailment of a freight train carrying chemicals earlier this month. Sen. J.D. Vance (R-Ohio) said in a statement that he is “horrified” by the train derailment and said that many questions remain unanswered. “Is the…
Senator Warns of ‘Digital-Only’ Fintech Companies Posing as Banks, People’s Money ‘At Risk’
Fintech companies that offer online banking services can be dangerous and cause users to lose their money, Sen. Sherrod Brown (D-Ohio), chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, warned in an interview with Business Insider. Users should be wary about fraud, privacy breaches, and hidden fees while using fintech services,…
Stablecoin Issuers and Exhanges Urged to Be Transparent on How They’re Protecting Consumers and Investors
The head of the U.S. Senate banking committee sent letters on Tuesday to stablecoin issuers and exchanges urging them to be more transparent about how they are protecting consumers and investors following multiple risks highlighted in the recent report by the President’s Working Group on Financial Markets (PWG). Sen. Sherrod Brown (D-Ohio), chair of the U.S….
Bank Regulator Nominee Tries to Detach from Her Bank Centralization Ideas During Hearing
Saule Omarova, nominated by President Joe Biden for the role of one of the top banking regulators, on Nov. 18 tried to portray her recently published proposal to centralize banking as merely an outline of one among many options to consider rather than her own preference. Her proposal, outlined in an October paper titled “The…
Senate Banking Chief Plans Bill to Address Fed Officials’ Stock Trades
September 28, 2021
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The head of the U.S. Senate Banking Committee on Tuesday said he plans to introduce legislation that would ban ownership of individual stocks by Federal Reserve officials in the aftermath of revelations that two reserve bank presidents had been active investors. Democratic Senator Sherrod Brown of Ohio told Fed Chair Jerome Powell of his intent…
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