Michael S. Barr: “Well, if a private right of action is the solution, why should Congress empower the Bureau to have any regulatory power…”

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.

Yes, I do think that bank mismanagement was at the core of this.

Shouldn't this be a more transparent public Board meeting and a deliberative process that includes all members of the Board?

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