SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
Posted inBarr, Michael S Federal Deposit Insurance Corp Federal Reserve System Gruenberg, Martin J Liang, Nellie Regulation and Deregulation of Industry Senate Signature Bank Silicon Valley Bank Treasury Department

SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.
Senator Seeks Details of Schools’ Deals With Betting Companies
Posted inAdvertising and Marketing Blumenthal, Richard College Athletics Colleges and Universities Colorado Connecticut Gambling Louisiana State University Michigan Michigan State University Senate University of Colorado

Senator Seeks Details of Schools’ Deals With Betting Companies

Senator Richard Blumenthal, asserting that gambling causes “very real harm” to students, has asked 66 colleges to provide information about their marketing relationships with sportsbooks.
Double-Barreled Economic Threat Puts Congress on Edge
Posted inBanking and Financial Institutions Biden, Joseph R Jr Democratic Party Emergency Economic Stabilization Act (2008) Federal Budget (US) Federal Reserve System House of Representatives Inflation (Economics) Interest Rates Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Republican Party Schumer, Charles E Senate Shutdowns (Institutional) United States Economy United States Politics and Government

Double-Barreled Economic Threat Puts Congress on Edge

Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
D.C. and Congress Health Data Breach Affected More Than 56,000
Posted inComputers and the Internet Cyberattacks and Hackers DC Health Benefit Exchange Authority Health Insurance and Managed Care House of Representatives Identity Theft Senate United States Politics and Government Washington (DC)

D.C. and Congress Health Data Breach Affected More Than 56,000

The Social Security numbers and personal information of thousands of people, including some lawmakers, were stolen in a hack of a D.C. health marketplace disclosed this week.