State Regulators Flex Their Muscles Against Big Banks

Some state officials say federal regulators have been too industry-friendly or too mired in bureaucracy to quickly react to misconduct. Federal regulators argue that coordinated action is the most efficient way to handle enforcement and that sudden moves by lone actors could compromise the larger efforts.
August 22, 2012

Some state officials say federal regulators have been too industry-friendly or too mired in bureaucracy to quickly react to misconduct. Federal regulators argue that coordinated action is the most efficient way to handle enforcement and that sudden moves by lone actors could compromise the larger efforts.

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