Stocks to watch:

WASHINGTON Breaking News: Commerce Committee Drafts First U.S. Senate Cybersecurity Bill

The U.S. Senate Commerce Committee is circulating a bill that marks the upper chamber's first stab at cybersecurity legislation and seeks to formalize part of an executive order that sets up voluntary standards for critical industries. Daniel Tarullo, a U.S. Federal Reserve official says the agency should consider releasing more information to the public when it takes enforcement actions against big banks for hurting consumers. Tarullo's comments, made at a hearing before the Senate Banking Committee, come in response to criticism over a settlement related to mistakes big banks made while processing foreclosures in the years after the financial crisis. Bipartisan Senate negotiators reached a tentative agreement on an overhaul of the federal student loan program after Democrats retreated on their position that subsidized loan rates be locked in for at least another year.
View Comments (0)