HFSC Prepares for Gensler Grilling
As expected, the staff memo ahead of HFSC’s hearing tomorrow with SEC Chairman Gensler reiterates much that has previously played out in highly-critical correspondence and subpoena threats.
Senate GOP Again Slam CFPB
Ranking Member Scott (R-SC) along with eight other Senate Banking Republicans sent a letter to CFPB Director Chopra last Thursday again taking serious issue with the CFPB’s “junk fee” initiative (see FSM Report CONSUMER38), calling many targeted fees “legal” and “reasonable.”
FRB-Philadelphia Study: U.S. Banking Not Concentrated
A new paper from the Federal Reserve Bank of Philadelphia finds that data suggesting undue banking-sector concentration may be misleading.
Fed Study: EU Banks Dress Up As Supervisors Approach
In a most timely study, the FRB has released a staff paper assessing how bank supervision alters short- and medium-term bank risk-taking.