Top Senate banking Democrat sounds alarm over Fed leverage proposal

Jul 15, 2025 - 12:01
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Top Senate banking Democrat sounds alarm over Fed leverage proposal
The Senate banking committee’s top Democrat is calling on the Federal Reserve to throw out a proposed rule for the amount of money that big banks are allowed to borrow relative to their capital. Sen. Elizabeth Warren (D-Mass.) said in a letter sent this week to the Fed’s vice chair for supervision, Michelle Bowman, that…