WASHINGTON, D.C. – The Senate today approved the nomination of Michael Barr to serve as Vice Chair for Supervision at the Federal Reserve.
Mike Calhoun, president of the Center for Responsible Lending (CRL), issued the following statement:
More than ever, we need knowledgeable financial regulators at the helm of our country. Michael Barr is a well-qualified choice for Vice Chair for Supervision at the Federal Reserve. Mr. Barr has a record of standing up for regulations – like the Community Reinvestment Act and overdraft protections – that promote financial fairness for all Americans, and for supporting policies that ensure a strong, stable economy. We are pleased that the Senate voted to confirm this well-qualified nominee.