Yellen taps top Fed aide to serve as acting bank cop

  • 📰 politico
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

United States Headlines News

United States Latest News,United States Headlines

Treasury Secretary Janet Yellen has tapped Federal Reserve official Michael Hsu to serve temporarily as one of the nation’s top bank cops

. | AP Photo/Jacquelyn Martin, according to two people familiar with the matter, the latest development in a contentious personnel fight.

No one has been formally nominated for the position, but news that President Joe Biden was expected to tap former Treasury official Michael Barr generated strong blowback from some progressive groups. The OCC has been run in the meantime by Blake Paulson, a career official seen as an ally to the previous acting comptroller, Brian Brooks, who was appointed by President Donald Trump.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bravo to Secretary Yellen for brining in Federal Reserve Michael Hsu as Acting Comptroller of Currency. The Federal Reserve is changing CRA rules for better racial economic impact. Now the OCC can shift their horrendous new CRA rules to align with FRB

NARCISSISTIC PERVERTS : Disney-Netfix-Nike-Apple-Amazon-Banks-Coca-Google-Samsung-Huawei-McDo-Microsoft American Congress estimates the tax evasion in USA at 3ooo billion =LESS educational-sanitary-democratic-ecological projects +corruption +RACISM +SOCIAL & FAMILY VIOLENCE

Bank cops! The fox guarding the hen house!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | Yellen to Appoint Senior Fed Official to Run Top Bank RegulatorTreasury Secretary Janet Yellen plans to appoint one of the Federal Reserve’s top big-bank supervisors to become the acting comptroller of the currency, overseeing the country’s largest financial firms, according to a person familiar with the matter. Government accounting for government is how we got in this financial mess in the first place? Low income in low income communities that have not received the remainder of the EIDL GRANT are being ignored‼️It’s time to send in the National Guard to assist the citizens. The SBA will NOT follow their mandates. Tossing a new apple into the SPOILED bunch of SBA ADMIN: FAILED‼️
Source: WSJ - 🏆 98. / 63 Read more »

Yellen: Biden's phased-in spending plan won't fuel inflationWASHINGTON (AP) — President Joe Biden’s massive proposed spending on infrastructure , families and education will not fuel inflation because the plans would be phased in gradually over 10 years, Treasury Secretary Janet Yellen said Sunday. New economic reports have portrayed a surging recovery from the recession unleashed by the coronavirus pandemic. Americans’ incomes soared in March by the most on record, boosted by $1,400 federal stimulus checks, and the economy expanded at a vigorous annual rate of 6.4% in the first three months of the year, leading to concern over inflationary pressures. Yo, interest rates Flat out lying to us all. Printing $9 trillion is exactly how inflation happens. They purposefully haven’t stopped it before, they won’t ever. Can’t have a population actually obtain any kind of wealth. Can’t control people that aren’t poor or on the verge. NastyOldWomyn Trust Yellen.
Source: AP - 🏆 728. / 51 Read more »

Yellen insists U.S. will see 'big returns' by passing Biden spending proposalsTreasury Sec. Yellen promotes Biden admin.'s proposals for trillions of dollars of new spending, arguing that “there will be a big return” for the nation if Congress approves the plans on infrastructure, education and jobs. - MeetThePress MeetThePress of course there will, we know this, because it always has following massive spending on infrastructure, always everytime always MeetThePress Agreed. And fairly obvious, too. jawofsteel2014 MeetThePress 'Tis True.
Source: NBCNews - 🏆 10. / 86 Read more »

Yellen says U.S. pushing to end global 'race to the bottom' on corporate taxesTreasury Secretary Janet Yellen said she's encouraged so far by developments in talks with other countries on a global minimum corporate tax. What race? The US is at the top. It's boring to sit at home alone, looking for someone to spend time with I have lost so mush through investing cause I was new and didn’t meet the right amount manager to invest with. I was at the verge of quitting till I was introduced to flora signals and my Story changed. It’s worth a try I can testify on this platform MALYAROVALARA_
Source: CNBC - 🏆 12. / 72 Read more »

Dow set for muted action Tuesday as investors await Yellen remarks, parse earnings from CVS, PfizerU.S. stock-index futures are indicated mostly lower Tuesday morning, a day after the S&P 500 index and the Dow Jones Industrial Average put in a strong start...
Source: MarketWatch - 🏆 3. / 97 Read more »