Sens. Elizabeth Warren (D-MA) and Rick Scott (R-FL) are demanding that the Federal Reserve’s inspector general disclose his salary as part of their continued efforts to tighten oversight on banking regulators.
Sen. Elizabeth Warren (D-Mass.) and Sen. Rick Scott (R-Fla.) on Monday made an official request for salary details of the Federal Reserve’s inspector general and raised concerns about the potential conflicts of interest inherent in the structure of the position. In the letter, which was addressed to Federal Reserve Inspector General Mark Bialek, Warren and…
Republican Senator Rick Scott and Democrat Elizabeth Warren have asked for salary information from the Fed's Inspector General, who serves as the central bank's watchdog, as they criticized the current system amid a push to make the role independent, according to a letter seen by Reuters on Tuesday. Republicans and Democrats in Congress have pledged tighter oversight of banking regulators following the collapse of Silicon Valley Bank and Signature Bank. The Federal Reserve is responsible for supervising - monitoring, inspecting and examining - certain financial institutions to ensure that they comply with rules and regulations, and that they operate in a safe and sound manner.
By David Morgan and Costas Pitas WASHINGTON (Reuters) - Republican Senator Rick Scott and Democrat Elizabeth Warren have asked for salary information .
Republican Senator Rick
Scott and Democrat Elizabeth Warren have asked for salary
information from the Fed s Inspector General, who serves as the
central bank s watchdog, as they criticized the.