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Published 1 year ago

After bank failures, Elizabeth Warren demands Fed crackdown on large regional banks

Summary by Ground News
12 Democratic lawmakers led by Sen. Elizabeth Warren (D-Mass.) are escalating criticisms of the U.S. banking sector. Warren wrote to regulators urging them to add new guidelines and increase mandatory inspection for banks operating with at least $100 billion in assets. The request was the latest in a series of public efforts Warren has made to signal the dangers of easing regulatory practices for banks. Last week, she co-led legislation called the Secure Viable Baking Act alongside Rep. Katie Porter.

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