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In the evenly divided Senate, the lack of consensus among Democrats would have prevented Omarova's confirmation to lead the agency, which has been without a permanent head since May 2020.
A handful of proposed acquisitions this fall saw delays over the lack of timely regulator sign-off. But a pair of deals has found pushback — even termination, in one case — in court.
The report is the latest in several months to highlight a lack of checks and balances in the agency's handling of the EIDL program, which distributed $210 billion in loans and grants to struggling businesses last year.
Starting next year, the bank will give customers until the end of the day after overdrawing to get their account to within $50 of positive. The move expands on a policy shift JPMorgan instituted in August.
Banks' ability to merge is a privilege, not a right, the CFPB's director and a former FDIC chair said in a joint statement denounced by Sen. Pat Toomey, R-PA, as a "coup."
Rep. Ed Perlmutter, D-CO, who introduced the bill, tweeted his disappointment Tuesday, adding he planned to file an amendment that afternoon with the House Rules Committee — a move he did not pursue.
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