Regulatory Roundup: A Handy Wrap-Up of Recent Regulatory Developments and Action

A Call To Bring Banking Out of the Shadows

Federal Reserve Board Governor Michelle Bowman is making the case for more banks, saying the process for startup banks to receive charters should be easier and more transparent.

“We need a viable pipeline for the creation of new banks in the United States,” Bowman said at the Wharton Financial Regulation Conference in Philadelphia. “There are troubling indications that we are falling short on this fr…