Biden wants to rein in bank mergers — that could help consumers and the economy
President Joe Biden signed a sweeping executive order on July 9, 2021, that aims to increase competition throughout the U.S. economy. In one of the order’s most significant provisions, he directed federal regulators to strengthen oversight of bank mergers. As a former Federal Reserve attorney who is now a business law professor, I share Biden’s concern that widespread bank consolidation has […]