Observations
Feb 18, 2025Last week, US President Donald Trump nominated a number of key financial regulatory leaders as a part of his administration's effort to overhaul the regulatory system.
Observations
Aug 01, 2022In a speech earlier this year, Rohit Chopra, director of the US Consumer Financial Protection Bureau (CFPB), brought attention to the fact that America’s most powerful banks and credit card companies have demonstrated a pattern of misconduct. “How can we stop big firms from repeatedly violating the law?” he asked, proposing that fines may not be the answer and that regulators could begin to revoke operating licenses.
