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'Revolving Door' Between Fed and Banks Spins Faster

Mark Imhof joined the Federal Reserve Bank of New York as a bank examiner in September 2010 as it went on a hiring binge following the worst financial crisis in generations. Now a consultant, he helps companies navigate anti-money-laundering regulations.

Imhof, 43, is part of the latest rotation in what Fed critics call a “revolving door” between the regulator and the firms it oversees. It’s a spin that the central bank inadvertently greased by boosting supervisory staff by 46 percent between 2008 and 2013.