Grateful to the members of the George Mason Law Review for publishing my new article, "Major Questions' Quiet Crisis," about how the major questions doctrine could change banking regulation and put the financial system at risk.
lawreview.gmu.edu/print__issue...
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FYI, I have an article on the major questions doctrine that discusses banking agency deference, including some of the OCC & Fed activities cases. One of my arguments is that industry may not like some of the results of rolling back deference in agency rulemaking.
lawreview.gmu.edu/print__issue...
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Reposted by graham steele
Assistant Secretary Steele covered a LOT of ground at GW Law yesterday. Crypto, Consumer Protection, Cybersecurity… Check out his full remarks here:
home.treasury.gov/news/press-r...
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For those interested, on Thursday morning I’ll be visiting (virtually) my alma mater GW Law for a conversation with my friend and colleague Bharat Ramamurti on the Biden Administration and Treasury Department’s economic policy agenda.
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There’s an old ‘This American Life’ episode about money in politics that includes a discussion of “call time” that’s pretty good.
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Truly never seen anything like CA driving and I'm from Boston.
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Hello! A bit of positive news amid all of the pre-holiday gloom:
Yesterday, the Treasury Department released a request for information to inform its development of a national strategy for financial inclusion. Comment period is 60 days.
Please comment, everybody!
home.treasury.gov/news/press-r...
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Today, the Treasury Department’s Federal Insurance Office took a critical next step in its first-ever data collection from insurers in order to assess climate-related financial risk to consumers across the United States.
on.ft.com/461QYaB
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As Secretary Yellen has said, “just as we need responsible innovation, we also need equitable innovation.”
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Today, I discussed the use of AI in financial services, including consumer finance & insurance.
Potential risks fall into 3 categories: (1) risks arising from the design of AI; (2) risks arising from how humans use or deploy AI; (3) operational and cyber risks.
home.treasury.gov/news/press-r...
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Very grateful to my team for all of their hard work on this report on the financial toll that climate change is taking on financially vulnerable households.
home.treasury.gov/news/press-r...
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