Senators Agree Debanking is a Problem, but Solving it is Another Matter

Also, small banks make their case in the House for `right-sizing' regulation; CFTC announces roundtable on prediction markets; Bowman weighs in on cost-cutting and crypto

Debanking took center stage in the Senate Banking Committee today and despite a growing furor over the issue, the hearing had a discordant feel. On the surface, lawmakers in both parties bonded over their disapproval of Americans losing access to financial accounts. Yet they also struck inconsistent and at times even contradictory notes about what exac…