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On possibilities for Biden’s picks to head financial regulators: OCC and SEC
“These decisions will signal how much of a change in direction we will see among financial regulators: something transformative, or merely performative.” https://prospect.org/cabinet-watch/financial-regulation-in-a-biden-administration/
“These decisions will signal how much of a change in direction we will see among financial regulators: something transformative, or merely performative.” https://prospect.org/cabinet-watch/financial-regulation-in-a-biden-administration/
Biden's planned selection of Michael Barr to lead the OCC also marks a break from Sen. Sherrod Brown, who is in line to chair the Senate Banking Cmte.
Brown has been advocating for a competing candidate, Mehrsa Baradaran https://www.politico.com/news/2021/01/21/biden-sherrod-brown-occ-461243
Brown has been advocating for a competing candidate, Mehrsa Baradaran https://www.politico.com/news/2021/01/21/biden-sherrod-brown-occ-461243
“There’s time for the Biden team to step back from the brink, on both Brummer & Barr. Democrats on the Hill found Barr’s work on the financial crisis alone too noxious in 2014. In the years since, he’s wedded himself to even more dubious financial entities” https://prospect.org/cabinet-watch/fintech-loves-this-rumored-biden-nominee-michael-barr/
“Al Pina, the co-founder of the National Minority Community Reinvestment Cooperative, emailed 8,300 people, including everyone serving on President Biden’s transition team, and declared he would go on a hunger strike if Mr. Barr was confirmed.” https://www.nytimes.com/2021/01/23/business/comptroller-currency-michael-barr-mehrsa-baradaran.html
