Senators, White House in talks to finish infrastructure bill
LISA MASCARO, ALEXANDRA JAFFE and KEVIN FREKING, Associated Press
July 26, 2021
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1of11President Joe Biden speaks during an event in the Rose Garden of the White House in Washington, Monday, July 26, 2021, to highlight the bipartisan roots of the Americans with Disabilities Act and marking the law s 31st anniversary.Susan Walsh/APShow MoreShow Less
2of11White House press secretary Jen Psaki speaks during the daily briefing at the White House in Washington, Monday, July 26, 2021.Susan Walsh/APShow MoreShow Less
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4of11President Joe Biden, Sen. Amy Klobuchar, D-Minn., center, and Vice President Kamala Harris, right, share a laugh after the president signed H.R. 1652, the VOCA Fix to Sustain the Crime Victims Fund Act of 2021, in the East Room of the White House in Washington, Thursday, July 22, 2021.Andrew Harnik/APShow MoreShow Less
AFSA & CBA caution Senators about expanded use of MLA to create rate cap
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Infrastructure Summer: Public Transit Gets Funded—for Now
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by Carson Kessler
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The chair of the Senate Banking, Housing, and Urban Affairs Committee is calling for the Consumer Financial Protection Bureau to evaluate the risks associated with apps that provide banking services, citing ProPublica’s article on Chime, the most widely downloaded of those apps.
In a letter sent today, Sherrod Brown, D-Ohio, wrote to the CFPB’s acting director, Dave Uejio, stating that “Chime’s abrupt, involuntary closures of its customers’ accounts” call for further “insight into the risks posed by nonbanks to consumers as well as the measures the Bureau is taking to address the risks by nonbank fintech companies and their affiliated banks.”