Brown Calls Senate Hearing on ‘Regulatory Capture’ at Fed
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U.S. Senator Sherrod Brown announced a hearing before his Senate banking subcommittee on “regulatory capture” following reports alleging lax oversight of top banks by the Federal Reserve Bank of New York.
“American taxpayers deserve regulators who will fight each day on their behalf, rather than cozy up to the very industry that they are meant to police,” the Ohio Democrat said today in an e-mailed statement.