Tim Scott introduces Senate bill to address debanking over 'reputational risk'
Sen. Tim Scott and banking committee Republicans introduced a new bill known as the FIRM Act, which seeks to prevent ...
Senate panel takes up debanking reform, first digital assets bill
The Senate Banking Committee is considering bills to create a regulatory framework for dollar-denominated stablecoins and to prevent debanking due to "reputational risk." ...
Fox Business6d
Tim Scott introduces Senate bill to address debanking over 'reputational risk'
SENATE BANKING PANEL HEARS DEBANKING TESTIMONY: 'EXTREMELY DISRUPTIVE' Senate Banking Committee Chairman Tim Scott, R-S.C., introduced the debanking bill with a dozen of the panel's GOP members.
Alabama Political Reporter3d
Britt joins Banking Committee Republicans in introducing bill against debanking practices
Debanking occurs when a financial institution closes an account they consider to be risky or which could incur reputational ...
Axios on MSN19h
Senate Banking advances Scott's debanking bill
The Senate Banking Committee voted Thursday to advance legislation seeking to strike "reputational risk" from the toolkit of ...
Banking Dive6d
Scott introduces bill to drop ‘reputational risk’ metric
The Republican senator argues using reputational risk in bank supervision is problematic because it’s not statutorily ...
Tampa Free Press on MSN4d
Alabama, South Carolina Senators Introduce FIRM Act To Combat ‘Debanking’
U.S. Senator Katie Britt (R-Ala.) and Senate Banking Committee Chairman Tim Scott (R-S.C.), joined by all Republican members ...
The new Trump era just got more complicated for Capital One
Capital One now has to defend itself against a new lawsuit from a company owned by President Donald Trump while also seeking ...
Banking Exchange3d
Senate Banking Chair Proposes Bill to Remove Reputational Risk in Bank Assessments
The bill follows crypto industry concerns over being excluded from the financial system by government agencies Senate Banking ...