Warren Warns Fed Chair On 'Misguided' Supervision Proposal

Law360 (February 12, 2020, 7:33 PM EST) -- Sen. Elizabeth Warren is urging the head of the Federal Reserve to put the brakes on any moves to dial back its bank examiners' use of supervisory red flags known as "matters requiring attention," a tool that one top official at the central bank recently called for deploying more sparingly.

In a letter dated Tuesday, the Massachusetts Democrat told Fed Chairman Jerome Powell that MRAs function as an "important early warning system" for flagging compliance issues before they develop into full-fledged legal violations or jeopardize a bank's health.  

Yet under a proposal outlined in a speech last month by Randal...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!