Michael Hsu, former OCC head, has joined a VC firm backing crypto and fintech companies.
OCC
Posted inEconomic Policy
The Fed Caved on Bank Capital
Despite continued failures in the industry, the Fed decided to take orders from bank CEOs.
Posted inEconomic Policy
Capital One–Discover Merger Tests Bank Regulators’ Merger Approach
Regulators have dragged their feet on new bank merger guidelines. They now have a $35 billion reason to get moving.
Posted inEconomic Policy
Intra-Administration Fight on Bank Mergers Breaks Open
The Justice Department’s antitrust chief signaled that he would override banking regulators if necessary if a proposed merger harmed the public.
Posted inTAP
Bank Runs, Behemoths, and Bailouts
Today on TAP: Better regulation would head off dubious rescues that only increase bank concentration.
Posted inTAP
Morgan’s Takeover of First Republic: A Shady Sweetheart Deal
Today on TAP: The comptroller of the currency rejected other alternatives in the rush to have government underwrite Morgan’s latest coup.
Posted inTAP
Excessive Bank Overdraft Charges Demand Regulation
Today on TAP: It’s another vivid case of the junk fees that Biden has begun to challenge.
Posted inMoney, Politics, and Power
Wells Fargo Wants to Buy Its Way Out of Trouble
CFPB director Rohit Chopra has other ideas.
Posted inEconomic Policy
A Regulator Signals Comfort With Allowing More Bank Mergers
The OCC’s Michael Hsu expresses openness to behavioral remedies for bank mergers, when they have been shown not to work in other sectors.
Posted inEconomic Policy
Saule Omarova on Systemic Financial Risk and Her Failed Bid for Comptroller
‘There was a fear that I might be open to thinking systemically,’ says the Cornell Law professor who drew fierce opposition from the bank lobby.