Federal Reserve to Drop Some Prior Demands on Banks to Fix Flaws

The Federal Reserve has signaled to lenders it plans to abandon some of the confidential warnings it previously sent them to improve operations as Vice Chair Michelle Bowman continues to relax the central bank’s oversight of US financial firms.

Federal Reserve to Drop Some Prior Demands on Banks to Fix Flaws
The Federal Reserve has signaled to lenders it plans to abandon some of the confidential warnings it previously sent them to improve operations as Vice Chair Michelle Bowman continues to relax the central bank’s oversight of US financial firms.

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