When the Senate Banking Committee called in the banking agency heads minus the Fed’s earlier this week (see Client Report REFORM207), Acting Comptroller Hsu made it clear that he plans a tough look at any non-traditional charter within his ambit.  In sharp contrast, FDIC Chair McWilliams refused to comment on her agency’s chartering decisions even though she took heavy fire from Democrats on recent FDIC standards (see FSM Report ILC15).  All this comes as the Biden Administration is pressuring the banking agencies to prevent consolidation to improve competition (see Client Report MERGER6), and Sen. Warren (D-MA) plans another assault on big-bank M&A.