Senate Democrats are divided in their support of President Joe Biden’s nomination to lead the Office of the Comptroller of the Currency (OCC) Saule Omarova and could scrap the choice ahead of a vote. As a key banking regulatory authority that operates independently from the...
President Joe Biden is pushing to nominate Cornell University Law School professor Saule Omarova to lead the Office of the Comptroller of the Currency (OCC), a move that could happen as soon as this week, Bloomberg reported on Thursday (Sept. 23), citing three unnamed sources....
Rohit Chopra, President Biden’s nominee to lead the Consumer Finance Protection Bureau (CFPB), looks to be close to approval by the Senate, The Wall Street Journal reported. The Senate’s 49-48 vote on Tuesday (Sept. 21) for Chopra’s nomination to finally get out of the Senate...
The $1 trillion Senate-approved, bipartisan infrastructure bill will help to improve the nation’s internet services, roads, bridges, pipes and ports, a Washington Post report says. The bill prompts a new surge in spending after years of attempts that sputtered out. The bill was passed 69...
The Senate voted 69 to 28 on Tuesday (June 15) to appoint antitrust expert and known tech critic Lina Khan as a commissioner to the Federal Trade Commission (FTC), numerous news outlets, including Axios, reported. “The overwhelming support in the Senate for Lina Khan’s nomination...
Treasury Secretary Janet Yellen is expected to name Michael Hsu — currently, the associate director of the Federal Reserve’s bank supervision and regulation division — the acting comptroller of the currency, the Wall Street Journal (WSJ) reported Monday (May 3), citing sources. Hsu’s appointment to...
The U.S. is currently unprepared to compete in the artificial intelligence (AI) age that is already upon us, CNBC reported, quoting a group of experts helmed by former Google CEO Eric Schmidt. The National Security Commission on Artificial Intelligence said in a nearly 800-page report...
JPMorgan Chase CEO Jamie Dimon was one of several executives to meet with President Joe Biden on Tuesday (Feb. 9) to discuss Biden’s $1.9 trillion COVID-19 relief plan, The Washington Post writes. Democrats are currently working to move the plan quickly through Congress. Walmart CEO...
Ten Republican senators are calling on President Joe Biden to consider a smaller, less costly $600 billion COVID-19 relief bill, according to CNBC. The Biden administration has currently proposed a $1.9 trillion bill, which will consist of $1,400 payments for Americans, $400 extra per week...
