Michael S. Barr: “By pushing back against common-sense reforms to housing finance, the Democrats are endangering the very low- and…”

The bank did respond to regulator citations but those responses were insufficient.

FinCEN, and Treasury, should be following the money in these areas to expose the relationships between the cartels and the illicit financing.

I think we need to take a good, hard look inside at the Federal Reserve, at our supervision, at our regulation.

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.