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November 15, 2023

Senate Banking Committee grills banking regulators on Basel III, bank supervision, FDIC harassment scandal

Democrats, Republicans concerned that bank capital proposal may affect small businesses, mortgages

The Senate Banking Committee on November 14 held a hearing on "Oversight of Financial Regulators: Protecting Main Street Not Wall Street." Materials from the hearing are available here. The witnesses were the four prudential banking regulators:

  • Michael Barr, Vice Chair For Supervision, Federal Reserve
  • Martin Gruenberg, Chair, Federal Deposit Insurance Corporation
  • Michael Hsu, Acting Comptroller, Office of the Comptroller of the Currency
  • Todd Harper, Chair, National Credit Union Administration

Additional information is also available in the attached WCEY Alert.


Contact Information
For additional information concerning this Alert, please contact:
Washington Council Ernst & Young
   • Will Heyniger (
   • Bob Schellhas (


Senate Banking Committee hearing