Majority Press Releases
Brown Statement on HUD’s New Anti-Trans Rule
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after reports showed the Department of Housing and Urban Development has proposed a new rule that would impede transgender individuals’ access to shelters.“Once again the Trump Administration has reached new levels of cruelty - advancing another housing rule that would undermine the humanity of transgender people and thei… Continue Reading
July 1, 2020
Brown, Colleagues Press Treasury Department’s FinCEN to Brief Senators on Possible Russian Bounty-linked Wire Transfers
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today joined Senators Jack Reed (D-RI), and Bob Menendez (D-N.J.), in a letter to Kenneth A. Blanco, Director of the Financial Crimes Enforcement Network (FinCEN) expressing concern regarding press reports that cite evidence of the existence of intercepted electronic data showing large financial transfers from a bank account controlled by Russia’s military… Continue Reading
July 1, 2020
Brown Condemns The GOP For Holding Up Rental Assistance And Relief For Millions Of Renters and Homeowners
Download production quality video here.WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today continued his push for more rental assistance and to urge his colleagues to help the for the millions of people struggling to pay their rent and bills or at risk of losing their homes.“The Trump Administration has pretty much given up - but we can’t. We need to do our jobs. We need to show leadership where the pr… Continue Reading
July 1, 2020
Brown Urges Senate Action on Bipartisan Anti-Money Laundering Amendment to NDAA
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement on the Crapo-Brown Amendment to the National Defense Authorization Act (NDAA). The legislation called the “Anti- Money Laundering Act of 2020,” would increase transparency in our nation’s financial system and combat the use of anonymous shell companies to commit financial crimes. “Money laundering is never a victimless c… Continue Reading
July 1, 2020
Brown Blasts DataWorks Plus’ Unreliable Facial Recognition Technology
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today sent a letter to DataWorks Plus asking the company to provide information to Congress regarding the use of the company’s FACE Plus and FACE Watch Plus facial recognition technology in law enforcement across the nation. Brown cited a New York Times report that revealed that the technology led directly to the wrongful arrest of Robert Julian-Borchak Williams of Michigan… Continue Reading
June 30, 2020
Brown Calls For A More Equitable Banking System
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled “The Digitization of Money and Payments.”Sen. Brown’s remarks, as prepared for delivery, follow:Big Tech companies have made a lot of big promises about the better society they were going to allow us to build.And they have not lived up to them.They sold us the idea the technology they’d… Continue Reading
June 30, 2020
ICYMI: Sens. Menendez, Brown Introduce Bill to Support Homeowners, Renters Struggling Amid COVID-19 Pandemic and Economic Fallout
WASHINGTON, D.C. - U.S. Senators Bob Menendez (D- N.J.) and Sherrod Brown (D-Ohio) today introduced the Coronavirus Housing Counseling Improvement Act to expand access to critical information, assistance programs and services for millions of families struggling to remain in their homes because of the COVID-19 pandemic and economic fallout. The bill is co-sponsored by Senators Chris Van Hollen (D-Md.), Kyrsten Sinema (D-Ariz.),Tina Smith (D-Minn.), Cory Booker (D.N.J.), Elizabeth Warren (D-… Continue Reading
June 29, 2020
Brown, Colleagues Introduce Legislation to Extend Nation-wide Moratorium on Evictions
Washington, DC - United States Senator Sherrod Brown (D-OH) Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren (D-MA), Ranking Member of the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, Congressman Jesús G. "Chuy" García (D-IL), a member of the House of Representatives Committee on Financial Services, and Congresswoman Barbara Lee (D-CA) introduced the Protecting Renters… Continue Reading
June 29, 2020
Brown Statement on the Supreme Court’s Ruling on the Constitutionality of the CFPB
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement following the Supreme Court’s decision to undermine the structure of the Consumer Financial Protection Bureau’s (CFPB). The ruling is a win for corporations and a loss for consumers.“Today’s decision is just the latest example of the Supreme Court putting corporations over consumers. It flies in the face of the hard lesso… Continue Reading
June 29, 2020
ICYMI: BROWN WIRED OP-ED: Privacy Isn’t a Right You Can Click Away
WASHINGTON, D.C. - In case you missed it, U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - penned an op-ed in Wired Magazine today about his proposal, the Data Accountability and Transparency Act of 2020, which creates a new framework for Americans to hold corporations, big tech, and the government responsible for how they collect and protect personal data.“Privacy is a civil right. But corporations force you to sign it … Continue Reading
June 25, 2020
Brown Blast Trump Regulators For Rolling Back Key Financial Protections
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the federal banking agencies finalized changes to the Swap Margin rule, the Volcker Rule, and a rule permitting “Rent-a-Bank” schemes. These are additional actions in a long line of decisions by the Trump regulators to put Wall Street interests over those of hardworking Americans as the economy struggles to recover … Continue Reading
June 25, 2020
Senators Warren and Brown Call for Capital One & Major Debt Collectors to Immediately Suspend Lawsuits and Wage Garnishment Practices During the COVID-19 Pandemic
Text of Letter to Capital One (PDF) | Text of Letter to Encore Capital (PDF) | Text of Letter to PRA Group (PDF) | Text of Letter to Alorica Inc. (PDF) Washington, DC - United States Senators Elizabeth Warren (D-Mass.), a member of the Senate Banking Committee, and Sherrod Brown (D-Ohio), Ranking Member of the Senate Banking Committee sent letters to Capital One Financial Corp. and to Encore Capital Group, PRA Group, Alorica Inc., three of the nation's largest debt collectors, following … Continue Reading
June 24, 2020
Warren and Brown Urge Regulators: Reverse Rule that Weakens Capital Requirements and Makes Banks More Vulnerable to Collapse During this Crisis
Text of Letter (PDF)Washington, DC - United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, and Senator Sherrod Brown (D-Ohio), Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today raised concerns to the Federal Reserve Board of Governors (Fed), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Curr… Continue Reading
June 24, 2020
SCHATZ, SENATORS URGE FED TO SUSPEND PAYMENTS TO SHAREHOLDERS DURING PANDEMIC, ENSURE STABILITY OF U.S. FINANCIAL SYSTEM
WASHINGTON - U.S. Senator Brian Schatz (D-Hawai‘i) led a group of senators in calling on the Federal Reserve (“the Fed”) to require banks to suspend dividend payments to shareholders as the economy struggles to recover from the ongoing COVID-19 crisis. The senators urged Fed Chair Jerome Powell and Vice Chair Randal Quarles to ensure banks conserve capital now so that they can continue lending if the economic fallout from the pandemic turns more severe.“The banking system will face increa… Continue Reading
June 23, 2020
Republican Stalling on Export-Import Bank Board Nominees Undermines Workers and Small Businesses During COVID-19 Crisis
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - delivered the following opening statement at today’s hearing entitled “Oversight of the Export-Import Bank of the United States.”Sen. Brown’s remarks, as prepared for delivery, follow:Mr. Chairman, thank you for calling today’s hearing. President Reed, thank you for joining us. This is a critical time for EXIM. Last year we finally provided certainty t… Continue Reading
June 22, 2020
Brown Blasts the CFPB for Proposing Rule to Reshape Mortgage Access During Pandemic
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement after the Consumer Financial Protection Bureau’s (CFPB) release of a proposed Ability to Repay and Qualified Mortgage rule, which would redefine mortgage underwriting requirements and protections for consumers. Brown urged the CFPB to halt this major rulemaking during the pandemic when stakeholders and advocates are not a… Continue Reading
June 22, 2020
Brown Statement on the Supreme Court’s Ruling In Favor of Investors and the SEC
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - Ranking Member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - released the following statement following the Supreme Court’s decision upholding the Securities and Exchange Commission’s (SEC) ability to recover wrongful gains from those who break federal securities laws. The ruling protects investors and keeps bad actors from profiting.“The Supreme Court’s ruling today confirming courts’ ability to impose disgorgeme… Continue Reading
June 20, 2020
Brown Presses SEC Chair Clayton For What He Knew On Ouster Of U.S. Attorney Geoffrey Berman; Urges Chair Clayton To Withdraw His Name From Consideration Immediately
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today sent a letter to Securities and Exchange Commission (SEC) Chair Jay Clayton expressing concern regarding Attorney General William Barr’s disturbing actions to remove the sitting U.S. Attorney for the Sothern District of New York. Brown pressed Chair Clayton to provide answers regarding his knowledge and involvement in the ouster of U.S. Attorney Geoffrey Berman, and urg… Continue Reading
June 18, 2020
Brown Releases New Proposal That Would Protect Consumers’ Privacy from Bad Actors
WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, today released a draft privacy bill, the DataAccountability and Transparency Act of 2020. Brown’s proposal creates a new framework that would give Americans the power to hold corporations, big tech, and the government responsible for how they collect and protect personal data. The bill rejects the current, ineffective “consent” model for privacy, and inste… Continue Reading
June 17, 2020
Brown Statement On HUD and FHFA Again Extending Foreclosure Moratoriums for Homeowners During The Coronavirus Pandemic
U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - today released the following statement following the announcement that the Department of Housing and Urban Development and Federal Housing Finance Agency (FHFA) would extend the suspension of foreclosures on FHA-insured and Fannie Mae- and Freddie Mac-backed mortgages until at least August 31, 2020. While the announcement extends protections for homeowners, millions of ren… Continue Reading
