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GOP lawmakers accuse Fed of being lax before bank failure |Pacific Updates

[ad_1] WASHINGTON — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference. Regulators closed the bank March 10, shaking the U.S. financial system and triggering fears of a broader banking crisis. But…

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Congressional hearing targets ‘NIL chaos’ in college sports |Pacific Updates

[ad_1] A congressional hearing Wednesday targeting “NIL chaos” in college sports drifted into the ramifications of athletes being deemed employees of their schools and mostly highlighted those who support congressional intervention to protect the collegiate model. A subcommittee of the House Committee on Energy and Commerce held the first hearing related to college sports on…

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