Van Hollen, Brown, Colleagues Call On Bank Regulators To Review Sofi's Crypto Activities
November 22, 2022
November 22, 2022
WASHINGTON, Nov. 22 -- Sen. Chris Van Hollen, D-Maryland, issued the following news release and letters on Nov. 21, 2022:
U.S. Senators Chris Van Hollen (D-Md.), Sherrod Brown (D-Ohio), Jack Reed (D-R.I.), and Tina Smith (D-Minn.) sent letters urging Federal Reserve Vice Chair for Supervision Michael Barr, FDIC Acting Chair Marty Gruenberg, and Acting Comptroller Michael Hsu to review SoFi's crypto trading activities. The lawmakers highlighted the risk to consumers when banks t . . .
U.S. Senators Chris Van Hollen (D-Md.), Sherrod Brown (D-Ohio), Jack Reed (D-R.I.), and Tina Smith (D-Minn.) sent letters urging Federal Reserve Vice Chair for Supervision Michael Barr, FDIC Acting Chair Marty Gruenberg, and Acting Comptroller Michael Hsu to review SoFi's crypto trading activities. The lawmakers highlighted the risk to consumers when banks t . . .