Members of the U.S. House of Representatives Financial Services Committee met for the final time this year with the leaders of the four federal banking regulatory agencies. The hearing titled “Oversight of Prudential Regulators” was more of a farewell to the Biden Administration and the Committee’s Chairman, Rep. Patrick McHenry (R-N.C.), who is retiring at the end of this congressional term.
Testimony from the four banking regulators included Vice Chairman for Supervision, Board of Governors of the Federal Reserve Michael Barr, outgoing FDIC Chairman Martin Gruenberg, NCUA Chairman Todd Harper and Acting Comptroller, Office of the Comptroller of the Currency Michael Hsu.
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