WASHINGTON, Sept. 15 -- The Senate Committee on Banking, Housing & Urban Affairs issued the following news release:
U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent Federal Reserve Vice Chair for Supervision Michelle Bowman a request for information about reports the Ranking Member received regarding a recent outage at the Fed's National Information Center (NIC), a key data platform that facilitates bank supervision, the discount window, and other Fed functions. Ranking Member Warren raised questions about whether workforce cuts in the Division of Supervision and Regulation impacted the ability of information technology staff to adequately operate the NIC.
Ranking Me...