Federal Reserve and FDIC Chairs Warn Wall Street Push for Looser Rules Threatens Stability
Fed Chair Yellen, Vice Chair Fischer, FDIC Chair Gruenberg, and European Center Bank President Draghi Defend Safeguards Enacted After Financial Crisis WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) highlighted that central bank leaders and the Chair of the FDIC have recently sounded the alarm over proposals to eliminate regulatory safeguards established after the financial crisis and refuted the claim that these protections have been a significant drag on economic growth and lending. The House of Representatives has already passed legislation that would roll back the Dodd