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Biden calls for increased regional bank oversight, regulation
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Banking, Consumer Protection, Financial Stability, Government Oversight
Tuesday, April 4, 2023
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President Joe Biden called on regulators to reverse actions taken during the prior administration which he claimed weakened the safeguards and supervision for large regional banks. These regulatory reforms would reinstate aspects of the Dodd-Frank Act which were overturned with the passage of the Economic Growth, Regulatory Relief and Consumer Protection Act.
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