Federal Reserve Board Governor Michelle W. Bowman criticized several recent banking proposals, calling on regulators to “appropriately calibrate and prioritize their supervisory and regulatory actions.”
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In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
In a review panel, the CFPB outlined its options to ensure that computer models used to help determine home valuations are accurate and fair.
At a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, regulators from the National Credit Union Administration, the FDIC and the OCC testified on current agency priorities and challenges.
The U.S. House Financial Services Committee heard testimony from the CEOs of U.S. global systemically important banks on "trends and developments in the industry since the 2008 global financial crisis."