Sherrod Brown
Democrats call for raising FDIC insurance limits at Senate hearing
WASHINGTON DC — Members of the Senate banking committee explored the pros and cons of reforming deposit insurance on Thursday, which has been a topic of debate among policymakers since the aftermath of bank collapses earlier this year. The Federal Deposit Insurance Corporation (FDIC) insures each depositor for up to $250,000 — a fact that took […]
Credit bureau CEOs face tough questions at Senate hearing; Democrats push to remove medical debt
WASHINGTON — U.S. Senators grilled the executives of three major credit reporting bureaus Thursday on whether their practices are transparent and fair to consumers, with Democrats frequently pressing the CEOs to remove medical debt from the reports. Ohio Democratic Sen. Sherrod Brown, chair of the Senate Committee on Banking, Housing, and Urban Affairs, said all […]