Sen. Brown Statement on U.S. Bank Merger Approval and Fed Rulemaking
October 15, 2022
October 15, 2022
WASHINGTON, Oct. 15 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Federal Reserve announced its approval of the U.S. Bank-MUFG merger.
"I have long raised concerns about megabank mergers and consolidation. They increase risks to our financial system, decrease competition, and lead to branch clos . . .
U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Federal Reserve announced its approval of the U.S. Bank-MUFG merger.
"I have long raised concerns about megabank mergers and consolidation. They increase risks to our financial system, decrease competition, and lead to branch clos . . .