2023-05-03T15:34:50-04:00May 2nd, 2023|2- Daily Briefing|

Brown Takes On Fintech’s FDIC Claim

Senate Banking Chairman Brown (D-OH) today sent a letter to FDIC Chairman Gruenberg flagging a fintech company for marketing practices the senator believes are in violation of FDIC rules around deposit insurance representations (see FSM Report DEPOSITINSURANCE112).

Progressive Democrats Again Press Powell

Sens. Warren (D-MA), Sanders (I-VT), and eight Democrats sent a letter today to Chairman Powell reiterating demands that the Fed pause raising rates, citing the employment half of its mandate.