Senate Republicans have voted to let banks take advantage of Americans by repealing the cap on overdraft fees, thanks to legislation put forward by Sen. Tim Scott.

Hours after the House passed some of the strictest work requirements in its "big, beautiful bill,” Sen. Tim Scott (R-SC) proclaimed that anyone on Medicaid should be working.

Senate Banking Committee Chairman Tim Scott said Jonathan McKernan's final confirmation vote to lead the Consumer Financial Protection Bureau is "imminent." ...

Senator Tim Scott, chairman of the Senate Banking Committee, predicted that a comprehensive crypto market structure bill will be passed into law by August 2025.

Senate Republicans voted 52-48 Thursday in favor of legislation that would repeal the cap on bank overdraft fees.