|
graham steele@grahamsteele.bsky.social |
137 followers 367 following 16 posts
banking, hiking, climbing, cycling. not necessarily in that order.
|
Roosevelt Institute
@rooseveltinstitute.bsky.social
[ View ] |
SCOTUS' overruling of Chevron deference "is a disaster that generally flows in the direction of making regulation harder," says Roosevelt fellow @grahamsteele.bsky.social
@michaelsderby.bsky.social covers the uncertainty that the ruling adds to our financial system: www.reuters.com/business/ene...
0 replies 2 reposts 1 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
For Green Central Banking, I wrote about the US’s progress (or lack thereof) addressing climate risk.
I urge the US to take a leading, rather than obstructionist, role in the international effort to grapple with the financial implications of climate change.
greencentralbanking.com/2024/06/27/u...
0 replies 1 reposts 1 likes
|
Economic Speakers Bureau
@econspeakers.bsky.social
[ View ] |
In a piece for the Washington Monthly, Bureau expert @grahamsteele.bsky.social shares why he finds the FIT 21 Act troubling. He writes the bill, which aims to deregulate the cryptocurrency industry, will undermine critical consumer and investor protections. Read more: bit.ly/3VAnpKb
0 replies 1 reposts 0 likes
|
|
Roosevelt Institute
@rooseveltinstitute.bsky.social
[ View ] |
The progress of the FIT 21 crypto bill is worrisome—possibly signaling an inadequate regulatory regime for the booming crypto economy.
@grahamsteele.bsky.social uses historical examples to caution against a "light touch" regulatory framework for crypto: washingtonmonthly.com/2024/06/17/t...
1 replies 1 reposts 0 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
I wrote about crypto and how Congress should remember the lessons learned from its past misadventures in financial deregulation.
washingtonmonthly.com/2024/06/17/t...
0 replies 0 reposts 0 likes
|
|
Economic Speakers Bureau
@econspeakers.bsky.social
[ View ] |
The SCOTUS ruling upholding the CFPB ensures the agency can continue to operate & fulfill its mandate—regulating financial institutions & protecting consumers from unfair & deceptive practices. Experts @grahamsteele.bsky.social & @ksabeelrahman.bsky.social comment: www.nytimes.com/2024/05/16/b...
0 replies 1 reposts 0 likes
|
|
Roosevelt Institute
@rooseveltinstitute.bsky.social
[ View ] |
"The banking system operates on trust; if risks are allowed to develop unchecked over time, that trust can disappear instantly."
Policymakers can't let Wall Street block crucial reforms that make the banking system serve everyone. Via @grahamsteele.bsky.social washingtonmonthly.com/2024/03/15/r...
0 replies 1 reposts 1 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
Also on its face does not seem to cover affiliates, only the NY-chartered legal entities themselves. (Eg, DB’s NY branch vs wealth mgmt)
0 replies 0 reposts 1 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
Most of the largest banks are national banks, not state chartered. The large banks under NYDFS are generally either subs/branches of foreign banks or subs of the investment banks that converted in ‘08. Plenty of lenders not covered. (Not commenting on whether they’d want to lend to this customer.)
1 replies 0 reposts 4 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
If you're into banking, antitrust, or corporate power generally, @stomarova.bsky.social & I have a new piece at @ssrn.bsky.social.
TL,DR the goals & design of U.S. banking law are as much about limiting banks' economic power as protecting their safety. Check it out!
papers.ssrn.com/sol3/papers....
0 replies 2 reposts 5 likes
|
Quinta Jurecic
@qjurecic.bsky.social
[ View ] |
extremely bummed about trader joe's attempting to destroy the administrative state
8 replies 25 reposts 203 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
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...
0 replies 1 reposts 3 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
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...
0 replies 0 reposts 2 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
Thanks again for having me!
1 replies 0 reposts 1 likes
|
Jeremy Bearer-Friend
@bearerfriend.bsky.social
[ View ] |
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...
1 replies 1 reposts 2 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
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.
0 replies 0 reposts 0 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
There’s an old ‘This American Life’ episode about money in politics that includes a discussion of “call time” that’s pretty good.
0 replies 0 reposts 2 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
Truly never seen anything like CA driving and I'm from Boston.
1 replies 0 reposts 2 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
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...
0 replies 0 reposts 2 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
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
2 replies 7 reposts 12 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
As Secretary Yellen has said, “just as we need responsible innovation, we also need equitable innovation.”
0 replies 0 reposts 0 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
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...
1 replies 0 reposts 0 likes
|
|
graham steele
@grahamsteele.bsky.social
[ View ] |
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...
0 replies 0 reposts 3 likes