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New bank-merger regulations could be undone if Biden loses in November https://t.co/wmYseP6C9d
"We have seen how some of these very large mergers over the past few decades haven't always turned out to be beneficial for our entire economy," says @CFPB Director @chopracfpb on why he voted in favor of @FDICgov's proposal to limit bank mergers with more than $100B in assets. https://t.co/3pCYJ0VQfj
"We have seen how some of these very large mergers over the past few decades haven't always turned out to be beneficial for our entire economy," @CFPB Director Rohit Chopra says on why he voted in favor of @FDICgov's proposal to limit bank mergers with more than $100B in assets. https://t.co/I8cjY6LOOp
The U.S. Federal Deposit Insurance Corporation (FDIC) is set to propose new policies aimed at regulating mergers among banks, specifically targeting those that could result in entities with over $100 billion in assets. This move, aimed at adding a layer of scrutiny to large bank mergers, reflects growing concerns over financial stability and the impact of such consolidations on the economy. The proposal has garnered support from key regulatory figures, including CFPB Director Rohit Chopra, who cited the historical lack of benefits from large mergers for the economy as a reason for his backing.
