Bank regulators to update lawmakers on deregulation efforts
The nation’s top bank regulators plan to tell Congress that their efforts to trim bank rules and oversight will bolster economic activity and innovation.
The regulatory chiefs of the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency are set to testify before the House Financial Services Committee.
They will update lawmakers on a comprehensive effort to reconsider and soften numerous bank rules put in place following the 2008 financial crisis.