Banks will face greater regulatory scrutiny under the Biden administration but could also see the playing field leveled with some of their nonbank counterparts.
The U.S. financial regulatory framework is beginning to take shape under the Biden administration. President Joe Biden has selected a number of key positions in the regulatory community — former Fed chair Janet Yellen as Treasury Secretary, Gary Gensler as head of the SEC, Rohit Chopra as the next CFPB director and now reportedly Michael Barr as head of the OCC.
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Street Talk Episode 73: US banks could see more regulation but playing leveled field with nonbanks
Banking Essentials Newsletter - February Edition
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