WASHINGTON, D.C. –The Biden Administration announced today that it will nominate Michael Barr as Vice Chair for Supervision at the Federal Reserve.
In response, Mike Calhoun, president of the Center for Responsible Lending (CRL), made the following statement:
More than ever, our country needs 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 urge swift confirmation of this well-qualified nominee.
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