Democrats urge FDIC, OCC to scrap ‘unsafe,’ ‘unsound’ change

Democrats urge FDIC, OCC to scrap ‘unsafe,’ ‘unsound’ change

Elizabeth Warren and other senators accused the regulatory agencies of pursuing “pernicious” changes to bank supervision that would further tie examiners’ hands.

Exclusive: Warren targets narrowed bank risk oversight proposal

A group of Senate Democratic lawmakers warn proposed rule change would handcuff regulators from stopping risky bank behavior before it causes financial harm.