Joe Adler has been with the Washington bureau of American Banker since 2006, writing on a variety of topics about the federal government's financial services policy. Before joining American Banker, he worked at newspapers in New England, beginning his career as a sportswriter in Massachusetts.
The biggest legacy of the current regulatory relief effort may be the increasing focus on whether organizing banks in supervisory buckets by asset size makes sense. Yet the bill deals with just one of the two big asset thresholds in the law.
Sen. Elizabeth Warren, D-Mass., introduced a bill to create a permanent law enforcement unit to investigate criminal activity at large banks, just as the Senate was close to passing a regulatory relief package.