Michael S. Barr: “I think the act would cripple the new Consumer Bureau and there wouldn't really be anybody standing up for American…”

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

SVB failed because of a textbook case of mismanagement by the bank and that Federal Reserve supervisors failed to take forceful enough action.

The banks we regulate, in contrast to stablecoins and crypto markets, are well-protected from bank runs through a robust array of supervisory requirements.

I have said repeatedly that banks, according to our rules, are well-capitalized today. Our banking system is sound and resilient.