Majority Press Releases
Brown Opening Statement at Banking Committee Executive Session On Federal Reserve Nomination
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 opening statement at today's executive session on the nomination of Jerome H. Powell to be Chair of the Federal Reserve. Brown's remarks, as prepared for delivery, follow Thank you, Mr. Chairman. I congratulate Governor Powell once again on his nomination, and I look forward to having the same good relationship I had with both Chair Be… Continue Reading
December 4, 2017
Brown Floor Speech Opposing Dodd Frank Roll Back Bill
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 speech on the Senate floor tonight in opposition to S.2155, The Economic Growth, Regulatory Relief and Consumer Protection Act. The Banking Committee is scheduled to consider the bill tomorrow. Brown's remarks, as prepared for delivery, follow. Mr./Madame President, Last week, the Senate gave tax handouts to millionaires and multinati… Continue Reading
November 28, 2017
Brown Opening Statement at Banking Committee Hearing on Federal Reserve Nomination
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 opening statement at today's hearing on the nomination of Jerome H. Powell to be Chair of the Federal Reserve. Brown's remarks, as prepared for delivery, follow Thank you, Mr. Chairman. I want to start off by thanking Chair Yellen. She has done an excellent job leading the Federal Reserve. During her tenure as Chair and Vice Chair… Continue Reading
November 13, 2017
Brown Opposes Legislation to Roll Back Dodd-Frank Protections
BROWN OPPOSES LEGISLATION TO ROLL BACK DODD-FRANK PROTECTIONS Banking Committee members move to give big banks an even bigger payday, while working families are left empty handed 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 opposing legislation that would roll back Dodd-Frank, less than a decade after the financial crises. "I understand my colleagues' interest … Continue Reading
November 1, 2017
Brown Opening Statement at Banking Committee Hearing on Nominations to the Export-Import Bank
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 opening statement at today's hearing on the nominations to the Export-Import Bank of the United States. Brown's remarks, as prepared for delivery, follow. Mr. Chairman, today we will hear from the six nominees whom President Trump has put forward to lead the Export-Import Bank. I applaud the President for recognizing the need to have … Continue Reading
October 24, 2017
Brown Opening Statement at Banking Committee Hearing On Nominations to The SEC and The U.S. Mint
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 opening statement at today's full committee hearing on the nominations to the U.S. Securities and Exchange Commission and the U.S. Mint. Brown's remarks, as prepared for delivery, follow. Thank you, Chairman Crapo, for holding today's nomination hearing. Welcome to today's nominees. Congratulations to the three of you. Mr. David J. … Continue Reading
October 17, 2017
Brown Opening Statement at Banking Committee Hearing on Consumer Data Security and the Credit Bureaus
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 opening statement at today's hearing entitled, "Consumer Data Security and the Credit Bureaus." Brown's remarks, as prepared for delivery, follow. Thank you, Mr. Chairman. Under current law, whether we like it or not, companies like Equifax can collect vast troves of personal information. That includes information plucked from our … Continue Reading
October 4, 2017
Brown Opening Statement at Banking Committee Hearing on Equifax
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 opening statement at today's hearing entitled, "An Examination of the Equifax Cybersecurity Breach." Brown's remarks, as prepared for delivery, follow. The story of this data breach is a familiar one. A big financial institution screws up. Executives walk away with millions of dollars. Tens of millions of Americans end up holding the… Continue Reading
October 3, 2017
Brown Opening Statement at Banking Committee Hearing on Wells Fargo
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 opening statement at today's hearing entitled, "Wells Fargo: One Year Later." Brown's remarks, as prepared for delivery, follow. Thank you Chairman Crapo for holding this hearing. A year ago, then-Wells Fargo CEO John Stumpf sat in this hearing room attempting to explain the inexplicable. The bank's punitive sales goals had pressured… Continue Reading
September 28, 2017
Brown Opening Statement at Banking Committee Hearing on North Korea Sanctions
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 opening statement at today's hearing entitled, "Evaluating Sanctions Enforcement and Policy Options on North Korea: Administration Perspectives." The text of Brown's remarks, as prepared and submitted to the record, is below. Thank you, Mr. Chairman, for following up with this timely hearing on an issue so important to our nation… Continue Reading
September 26, 2017
Brown Opening Statement at Banking Committee Hearing on Oversight of 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 opening statement at today's hearing entitled, "Oversight of the U.S. Securities and Exchange Commission." Brown's remarks, as prepared for delivery, follow. Thank you Chairman Crapo, and welcome to Chair Clayton. Last week, as just about every adult in America was trying to comprehend the risks they or someone in their family face … Continue Reading
September 14, 2017
Brown Opening Statement at Banking Committee Hearing on The Committee on Foreign Investment (CFIUS)
BROWN OPENING STATEMENT AT BANKING COMMITTEE HEARING on THE Committee on foreign investment (CFIUS) 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 opening statement at today's hearing entitled, "Examining the Committee on Foreign Investment for the United States." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown U.S. Senate Committee on Banking, Housi… Continue Reading
September 12, 2017
Brown Opening Statement at Banking Committee Hearing On Fintech
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 opening statement at today's hearing entitled, "Examining the Fintech Landscape." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown U.S. Senate Committee on Banking, Housing and Urban Affairs Opening Statement for "Examining the Fintech Landscape" September 12, 2017 Thank you, Mr. Chairman. I appreci… Continue Reading
September 11, 2017
Following Brown's Urging, Equifax Removes Forced Arbitration From Credit Monitoring, Further Action Needed
FOLLOWING BROWN'S URGING, EQUIFAX REMOVES FORCED ARBITRATION FROM CREDIT MONITORING, FURTHER ACTION NEEDED Senator Warns Customers' Rights May Still be in Jeopardy until Policy is Applied to All Products, Websites WASHINGTON, D.C. - Following demands by U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - Equifax has removed forced arbitration clauses from TrustedID free credit monitoring and identity protection services offere… Continue Reading
September 11, 2017
Brown Calls on Equifax to Remove Forced Arbitration From Credit Monitoring, Following Data Breach
BROWN CALLS ON EQUIFAX TO REMOVE FORCED ARBITRATION FROM CREDIT MONITORING, FOLLOWING DATA BREACH Senator Warns Victims: Read Carefully before Signing away your Rights WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - is calling on Equifax to immediately remove forced arbitration from all services offered to customers following a data breach that exposed 143 million Americans to identify theft. Equifax is c… Continue Reading
September 7, 2017
Brown Opening Statement at Banking Committee Hearing on North Korea
BROWN OPENING STATEMENT AT BANKING COMMITTEE HEARING ON NORTH KOREA SANCTIONS 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 opening statement at today's hearing entitled, "Evaluating Sanctions Enforcement and Policy Options on North Korea." Brown's remarks, as prepared for delivery, follow: Thank you, Chairman Crapo, for again pursuing this issue so important to our national… Continue Reading
September 7, 2017
Brown Opening Statement at Banking Committee Executive Session
BROWN OPENING STATEMENT AT BANKING COMMITTEE EXECUTIVE SESSION 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 opening statement at today's Executive Session to vote on Mr. Joseph Otting to be Comptroller of the Currency, The Honorable Randal Quarles to be a Member of the Board of Governors of the Federal Reserve System and S.1463, Financial Stability Oversight Council Insurance Memb… Continue Reading
July 27, 2017
Brown Opening Statement at Committee Hearing On Nominations of Quarles, Otting
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 opening statement at today's hearing to consider the nominations of Randal Quarles to be a Member of the Board of Governors of the Federal Reserve System and Joseph Otting to be Comptroller, Office of the Comptroller of the Currency. Brown's remarks, as prepared for delivery, follow. Opening Statement Hearing on the Nominations of Ra… Continue Reading
July 20, 2017
Brown Vows 'Hell of a Fight' Against Efforts to Protect Wall Street Banks that Cheat Customers
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs - vowed today to fight efforts to overturn the Consumer Financial Protection Bureau's arbitration rule. Wall Street banks and predatory payday lenders use fine print clauses known as 'forced arbitration' to deny consumers access to the justice system after they've been cheated. Notably, Wells Fargo has used forced arbitration clauses to prevent defrauded customer… Continue Reading
July 20, 2017
Brown Opening Statement at Committee Hearing on Housing Finance Reform: Maintaining Access for Small Lenders
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 opening statement at today's hearing entitled, "Housing Finance Reform: Maintaining Access for Small Lenders." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown - Opening Statement Hearing: "Housing Finance Reform: Maintaining Access for Small Lenders" Chairman Crapo, thank you for holding this hearing. I wou… Continue Reading
