While traditionally politically neutral, banking regulation has recently become more contentious and partisan. On almost all divisive policy issues – from the Volcker rule to the Community Reinvestment Act – party lines have been made clear. While the regulatory agencies, all run by Trump Administration appointees, tend to agree on the surface, there is often internal pushback from members like Democratic-appointed FDIC board member Martin-Gruenberg and Federal Reserve Board Gov. Lael Brainard. However, others disagree with this view. Former Comptroller of the currency and Obama apointee Tom Curry argued that the disagreement was nothing to be concerned about, adding, “You’re laying out arguments one way or the other. If everyone agrees all the time, what good is it?”
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