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Yellen taps former Fed official as acting comptroller


Yellen, a former Fed chief, appointed Hsu to be first deputy comptroller of the currency and said he will become the acting comptroller upon taking office Monday. Hsu was previously the associate director of the Fed’s division of supervision, leading efforts to oversee major banks.
“It is a tremendous honor to serve as Acting Comptroller of the Currency alongside those who ensure our federal banking system operates in a safe, sound, and fair manner,” Hsu said in a Friday statement released by the OCC.
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“I appreciate the confidence Secretary Yellen has shown in me by appointing me to this important post.” ....

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Trump Holdovers Are Dragging Down the Biden Agenda


Trump Holdovers Are Dragging Down the Biden Agenda
In his first 100 days, the president still hasn’t cleared his predecessor’s cronies out of the executive branch, where they’re free to sabotage his presidency.
Toni L. Sandys/Getty Images
IRS Commissioner Charles Rettig is just one of many Trump-era executive branch holdovers who could hinder President Biden’s agenda.
During his campaign, Joe Biden repeatedly held out the promise of an FDR-size presidency the better to counter the misrule of the Trump administration. It can be said that he has already made some admirable strides in that direction with the passage of the American Rescue Plan. As Biden reaches his 100th day in office, however, he may soon find that comparisons to his self-identified North Star don’t quite measure up. Roosevelt, after all, famously signed 15 major bills into law during his first 100 days, compared to Biden’s one (which isn’t to diminish the size or importance of that s ....

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Bank cop halts Trump rule boosting loans to private prisons, energy industry


POLITICO
The rule has been criticized by lenders, investors, consumer groups, Democrats and some conservatives.
Exterior of the Wells Fargo bank. | Lisa Lake/Getty Images for Wells Fargo
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A key bank regulator on Thursday halted a last-minute, Trump-era rule that would prevent big banks from denying loans and other services to entire industries like energy or private prisons, a regulation that had drawn ire not just from Democrats but from banks themselves.
The Office of the Comptroller of the Currency said the decision on the fate of the rule should be left to whomever President Joe Biden names to head the national bank regulator. ....

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