Tag: Senate Banking Committee


Proposed Legislation Expands Enforcement Authority Against Bank Officers, Directors

September 27, 2023

Via: Bank Director

The RECOUP Act (S.2190), which passed the Senate Banking Committee in June by a bipartisan 21-2 vote, would greatly expand the federal bank agencies’ authority to remove and permanently ban officers from the banking industry if it becomes law. While […]


Senators probe allegations of JPMorgan ‘robo-signing’ in debt collection

February 8, 2022

Via: Banking Dive

JPMorgan on Monday refuted claims that it is robo-signing documents. Such allegations are “just false,” Tom Kelly, a spokesman for the bank, told Bloomberg on Monday. Trained employees review every affidavit before they are filed in court, and the bank […]


Senate Committee to Discuss Wells Fargo Scandal as Federal Reserve Meets

September 19, 2016

Via: The New York Times

Wells Fargo’s chief executive, John Stumpf, will face questions on Tuesday from the Senate Banking Committee over the widespread creation of sham banking accounts and credit cards by bank employees trying to meet strict sales goals. Mr. Stumpf has said […]