Majority Press Releases
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
July 18, 2017
Brown Opening Statement at Committee Nominations Hearing
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 nominations. Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown Opening Statement Nominations Hearing July 18, 2017 I want to join Chairman Crapo in welcoming all our nominees and their families, and thanking you for your willingness to serve in these key public ser… Continue Reading
July 13, 2017
Brown Opening Statement at Committee Hearing with Fed Chair Yellen
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, "The Semiannual Monetary Report to Congress." Brown's remarks, as prepared for delivery, follow. Senator Sherrod Brown Opening Statement "The Semiannual Monetary Report to Congress" July 13, 2017 Senator Crapo, thank you for holding this hearing. Chair Yellen, welcome back to the… Continue Reading
July 11, 2017
Brown Statement on Randal Quarles' Nomination to Top Fed Post
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) - ranking member of the Senate Banking, Housing, and Urban Affairs Committee - today slammed President Donald Trump's nomination of Randal Quarles to serve as Vice Chair for Supervision at the Federal Reserve. "The last thing we need is another watchdog who believes that what's good for Wall Street is good for America," said Brown. "President Trump promised to drain the swamp. Instead, again and again, he's handed even more influence over to W… Continue Reading
July 10, 2017
Brown Applauds Upcoming Rule to Ensure Ohio Consumers Have Their Day in Court
WASHINGTON, D.C. - U.S. Sen. Sherrod Brown (D-OH) applauded news today that the Consumer Financial Protection Bureau (CFPB) will finalize its rule to protect Ohio consumers' ability to hold big banks accountable after falling victim to financial fraud or scams. The rule from CFPB will restrict financial institutions' use of "forced arbitration" - a practice used by Wall Street banks and predatory payday lenders to deny consumers access to the justice system when the institution engages in ille… Continue Reading
