US Banking Regulations Under Scrutiny After Recent Failures and Lobbying Pressure.

TL;DR
Senator Elizabeth Warren and ten other senators are calling for the Federal Reserve to tighten regulations on large regional banks with assets between $100 billion and $250 billion, following the collapse of Silicon Valley Bank and Signature Bank. The lawmakers argue that the 2018 rollback of Dodd-Frank freed these banks from the toughest oversight, leading to irresponsible and excessive risk-taking. The Fed has launched a review of Silicon Valley Bank's regulation and oversight, and is rethinking some of its own rules related to midsize banks. Warren has long been a regulation hawk, pushing for tough rules to prevent a repeat of the 2008 crisis.
Topics:businessfinance#bank-failures#dodd-frank#elizabeth-warren#federal-reserve#finance#regional-banks
- After bank failures, Elizabeth Warren demands Fed crackdown on large regional banks CNN
- Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure CNBC
- Hundreds of lobbyists pushed government to water down banking regulations PBS NewsHour
- Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account The Nation
- Congress Is Slow-Walking a Change for US Banks Despite Failures Bloomberg
Want the full story? Read the original reporting
Read on CNN