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The Senate spent last week kicking the tires on deposit insurance, the system that guarantees the funds that U.S. consumers park in regulated banks.

Democrats press Biden regulators on merchant gun codes

Democratic lawmakers led by Sen. Elizabeth Warren (D-Mass.) and Rep. Madeleine Dean (D-Pa.) called on the Biden administration’s regulators to pressure financial firms into fully implementing new merchant codes for gun purchases.

This may be the hottest culture war flashpoint for the financial sector today, and it’s a fight payment firms have been anxious to avoid. Sorry, folks.

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.