Dodd-Frank does not include many of the details that are defined for the other voting members of FSOC, including anything on the Independent Member’s specific duties.
BPC’s Financial Regulatory Reform Initiative highlights news articles, papers and other important work which illuminate current and new thinking within financial regulation.
Patrick Harker, who takes over July 1 as president of the Federal Reserve Bank of Philadelphia, had some advantages over his rivals for the job.
While observers fear the markup will be a partisan battle, BPC believes that there is ample room for Democrats and Republicans on to find common ground.
The American Savings Promotion Act, which will allow banks to offer depositors lottery entries (in lieu of interest) in “Prize-Linked Savings” accounts, passed the Senate by unanimous consent earlier this week and is now headed for President Obama’s desk.