Bank-Merger Policy Review

Just days after the FDIC chair refused to advance a request for comment on bank-merger policy, the Department of Justice released one signaling agreement with many of the concerns Democrats aired in concert with the RFI.  Justice did so by reopening a 2020 inquiry on which neither the Trump nor Biden Administrations acted, reiterating the questions then and adding new ones indirectly addressing the competitiveness, community service, and consolidation questions highlighted in President Biden’s executive order on overall U.S. competition.