Systemic Show-Down
As seems always the case, the Treasury Secretary’s appearance before Congress this week reporting on FSOC’s work will feature a lot more partisan wrangling than policy insight. We will nonetheless glean what we can, with snippets possibly of greater import than usual because Democrats are pushing FSOC harder than ever to be more than the “book-report club” described by CFPB Director Chopra (see Client Report CONSUMER54).