Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they appear before Congress this week for the first time since the novel coronavirus outbreak.
FILE PHOTO: Sen. Elizabeth Warren speaks to media after a meeting in the Kennedy Caucus room to wrap up work on coronavirus economic aid legislation, during the coronavirus disease outbreak, in Washington, U.S., March 22, 2020. REUTERS/Mary F. Calvert
The remote hearing is unlikely to spark many fireworks, although analysts still expect some points of tension. Lawmakers, including former Democratic presidential candidate Elizabeth Warren, who sits on the panel, have already criticized the central bank for handing out billions of dollars with little oversight and failing to require basic protections. [USN]
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