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In a speech at the American Bankers Association Washington Summit Wednesday morning, Treasury Secretary Scott Bessent downplayed economic risks from tariffs, floated capital reforms and urged regulatory relief for community banks.
Plain vanilla deals likely exempt, if equity is not sold to third parties
Some in the industry worry the Fed may balk at allowing OCC charter recipients into the payments system, but Otting downplayed those concerns.
The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.
