Sen. Tim Scott knows how hard it is for many Americans. He grew up poor, raised by a single mother. That taught him people ...

Senator Tim Scott introduces a bill to ban "reputational risk" from bank regulations, so as to not influence crypto and other ...

Senator Tim Scott's FIRM Act targets debanking, eliminating reputational risk in financial institution regulation, and ...

The Financial Integrity and Regulation Management Act would stop prudential regulators from writing rules or guidance that ...

Senate Banking Committee Chair Tim Scott (R-S.C.) unveiled legislation Thursday taking aim at debanking.   Debanking — the closure of accounts that banks consider risky, often with little notice ...

TIM SCOTT INTRODUCES SENATE BILL TO ADDRESS DEBANKING OVER 'REPUTATIONAL RISK' Senate Banking Committee Chairman Tim Scott, R-S.C., spoke to FOX Business ahead of the hearing. (Al Drago/Bloomberg ...

The Republican senator argues using reputational risk in bank supervision is problematic because it’s not statutorily ...

Senate Banking Committee Chair Tim Scott (R-S.C.) unveiled legislation Thursday taking aim at debanking. Debanking — the closure of accounts that banks consider risky, often with little notic ...

Sen. Tim Scott and banking committee Republicans introduced a new bill known as the FIRM Act, which seeks to prevent debanking decisions related to concerns over reputational risk.

New legislation in the Senate aims to address regulatory language that has prompted financial institutions to debank clients involved in certain industries. Senate Banking Committee Chairman Tim ...

The industry's ongoing campaign against the debanking of crypto businesses and leaders has secured a legislative push from a top U.S. senator, Tim Scott, who is championing a bill that would cut ...