Warren Criticizes Banking Regulators' Inaction on NYCB's "Systemic Failings" and Threats to Banking and Financial Stability
September 26, 2024
September 26, 2024
WASHINGTON, Sept. 26 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Today, Senator Elizabeth Warren (D-Mass.) sent letters to Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), and Jerome Powell, Chair of the Federal Reserve (Fed), with renewed concern that the OCC and the Fed could allow New York Community Bank (NYCB) to escape regulatory oversight despite identifying "systemic failings" in the bank' . . .
Today, Senator Elizabeth Warren (D-Mass.) sent letters to Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), and Jerome Powell, Chair of the Federal Reserve (Fed), with renewed concern that the OCC and the Fed could allow New York Community Bank (NYCB) to escape regulatory oversight despite identifying "systemic failings" in the bank' . . .