Democrats, GOP Agree on Need for 13(3) Change, But not on How
Today’s HFSC Subcommittee hearing largely examined the Fed’s 13(3) COVID facilities, generally side-stepping the draft bill posted along with the staff memorandum establishing a National Investment Authority (NIA).

CFPB Highlights Disparities in Credit Access
The CFPB today issued a study of consumer complaints that went well beyond its findings also to highlight structural differences in credit access and the U.S. racial wealth gap.

Omarova Appointment Faces Headwinds
Following a flurry of rumors this morning, the President today formally nominated Cornell professor Saule Omarova as the next Comptroller of the Currency.