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Lummis Takes Regulators to Task Over Bank Failures
March 30, 2023

WASHINGTON, March 30 -- Sen. Cynthia M. Lummis, R-Wyoming, issued the following news release:

During a Senate Banking Committee hearing exploring the reasons behind recent bank failures, U.S. Senator Cynthia Lummis (R-WY) pressed Federal Reserve Board Vice Chair for Supervision Michael Barr about federal regulators' failure to address glaring warning signs at Silicon Valley Bank prior to its collapse. Senator Lummis additionally pushed Federal Deposit Insurance Corporation (FDIC) Ch . . .

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