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Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals
Posted inBanking and Financial Institutions Barr, Michael S Ethics and Official Misconduct Federal Reserve System Fines (Penalties) Frauds and Swindling Regulation and Deregulation of Industry Scharf, Charles W Wells Fargo & Company

Fed Removes Shackle Imposed on Wells Fargo After Series of Scandals

For seven years, the bank was forbidden to grow as punishment for misconduct including creating fraudulent bank accounts and mistakenly seizing homes.
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Posted by By Stacy Cowley
Fed Governor Michelle Bowman Is Trump’s Pick for Wall Street’s Top Cop
Posted inBanking and Financial Institutions Barr, Michael S Bowman, Michelle Interest Rates Regulation and Deregulation of Industry United States Economy United States Politics and Government

Fed Governor Michelle Bowman Is Trump’s Pick for Wall Street’s Top Cop

If confirmed, she is likely to usher in a more hands-off approach to financial regulation than her predecessor’s.
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Posted by By Colby Smith
Banks Are Racking Up Wins Even Before Trump Is Back in White House
Posted inAppointments and Executive Changes Banking and Financial Institutions Barr, Michael S Biden, Joseph R Jr Federal Reserve System Presidential Transition (US) Regulation and Deregulation of Industry Trump, Donald J

Banks Are Racking Up Wins Even Before Trump Is Back in White House

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.
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Posted by By Jeanna Smialek
Fed’s Vice Chair to Step Down From Role as Top Bank Supervisor
Posted inAppointments and Executive Changes Banking and Financial Institutions Barr, Michael S Federal Reserve System Regulation and Deregulation of Industry Trump, Donald J United States Politics and Government

Fed’s Vice Chair to Step Down From Role as Top Bank Supervisor

Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some of his colleagues.
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Posted by By Deborah B. Solomon

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