U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, issued a statement today regarding Huntington Bank’s decision to reopen its Buckeye-Shaker branch in Cleveland.
U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, has called for a review of the home insurance market due to instability and rising premiums affecting many Americans. In letters addressed to Federal Insurance Office Director Steven Seitz and Comptroller General of the United States Gene Dodaro, Brown highlighted concerns over increasing home insurance rates, shrinking coverage, and unexpected non-renewals.
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing titled “Long-Term Economic Benefits and Impacts from Federal Infrastructure and Public Transportation Investment.”
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, has urged federal banking regulators to thoroughly evaluate all aspects of the proposed merger between Capital One and Discover. In a letter to Federal Reserve Vice Chair for Supervision Michael Barr and Acting Comptroller Michael Hsu, Brown emphasized that this transaction should prioritize families, households, and businesses deserving of a fair financial system. He called on regulators to investigate how the merging banks plan to lower costs for...
On July 25, 2024, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing titled “Advancing National Security through Export Controls, Investment Security, and the Defense Production.”
U.S. Senator Sherrod Brown (D-OH), Chairman of the Banking, Housing, and Urban Affairs Committee, introduced legislation aimed at increasing competition in the housing market. The proposed Housing Acquisitions Review and Transparency (HART) Act mandates that corporations and private equity firms report significant residential property transactions to antitrust enforcers. This measure is intended to prevent anticompetitive practices that could lead to higher housing costs, reduced services, and exclusion of homebuyers from the market.
WASHINGTON, D.C. – U.S. Senators Sherrod Brown (D-OH) and Mike Braun (R-IN) announced the Senate's passage of their bipartisan legislation aimed at informing veteran homebuyers about their eligibility for the VA Home Loan Program. This initiative seeks to increase homeownership among veterans.
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a nominations hearing for several key financial regulatory positions.
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing titled “The Semiannual Monetary Policy Report to the Congress.”
On July 3, 2024, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, called for transparency from Uber and Lyft regarding their use of surge pricing to set fares. In letters addressed to the CEOs of both companies, Brown expressed concern over frequent and opaque price changes and diminishing competition in the ride-hailing market.
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, has called on the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to ensure their updated bank merger policies adequately scrutinize mergers' effects on consumers and communities.
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, congratulated Christy Goldsmith Romero on her nomination to be Chair of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and issued the following statement:
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing entitled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.”
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, issued a statement regarding the Consumer Financial Protection Bureau’s (CFPB) new proposal to eliminate medical debt from consumer credit reports.
U.S. Sen. Tim Scott (R-S.C.) believes the United States needs to take a stronger stance against China, not only to make the U.S. economy stronger, but to put it in a better position to outcompete China.