WASHINGTON, Sept. 14 -- The Senate Committee on Banking, Housing & Urban Affairs issued the following news release:
Today on the Senate floor, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee urged her Senate colleagues to give unanimous consent to pass the Ending Presidential Corruption in Banking Act. The effort comes in light of recent news that World Liberty Trust Company, a bank owned in part by President Trump and his family, received preliminary approval for a federal banking charter from the Office of the Comptroller of the Currency. Despite clear national security risks, money laundering vulnerabilities, and a lack of competent management, the Trump-controlled fede...