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From Bloomberg: Firms are suddenly facing the prospect of a Democratic wish list of new rules in the coming year — targeting bank mergers, cryptocurrencies and even climate change — now that Federal Deposit Insurance Corp. chair Jelena McWilliams, a key holdover of former President Donald Trump's administration, is stepping aside.
The takeaway from the last 20 years, according to aerospace analyst Richard Aboulafia, might well be, “You succeeded, but please don’t try that again.”
Given the concerns from across the congressional landscape about Next-Gen OPIR's direction, "it's a reasonable assumption that there's some smoke somewhere there," said Capital Alpha's Byron Callan.
A House member suggested she and other party moderates are open to revamping or even scrapping a plan that would require banks to report customer account information to the Internal Revenue Service.
By TONY CAPACCIO | Bloomberg | Published: May 10, 2021 Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See more staff and wire stories here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription. The Pentagon is sticking with a plan developed in the early days of the COVID-19 pandemic to speed progress payments to defense contractors, even as evidence mounts that major companies appear financially healthy and are stepping up stock buybacks. Under the accelerated payments plan, the Defense Department ...