Congressional Democrats are ratcheting up pressure on the Trump administration’s financial regulators. We’ve got two scoops to break down for you.
Rep. Ritchie Torres (D-N.Y.) and Sen. Angela Alsobrooks (D-Md.) are preparing to drop legislation that prohibits banks from “collecting, maintaining, and disclosing” information tied to Americans’ citizenship and immigration status — a direct shot at a plan floated by Treasury Secretary Scott Bessent.
Elsewhere, congressional Democrats led by Sen. Adam Schiff (D-Calif.) are pressing the Consumer Financial Protection Bureau for more answers on the agency’s decision to terminate an enforcement action targeting Citigroup’s discriminatory policies against Armenian Americans.
