Friday, November 7, 2025
FEDERAL GOVERNMENT RELATIONS
Bowman: Regulation preventing banks from engaging in economic innovations
The economy has changed significantly since the 2008 financial crisis, but regulation is holding back banks from fully engaging with those changes, Federal Reserve Vice Chair for Supervision Michelle Bowman said.
Inspector general report finds CFPB cybersecurity lacking
The Consumer Financial Protection Bureau’s procedures for securing its information systems have deteriorated in recent months, and the issue has been made worse by the loss of contractor resources and bureau personnel, according to a recent audit by the Federal Reserve Office of Inspector General.