Reported about 2 months ago
Major banks like JPMorgan and Goldman Sachs are becoming increasingly vocal and aggressive in their confrontations with Washington regulators. JPMorgan has even floated the idea of suing the Consumer Financial Protection Bureau (CFPB) over inquiries related to its payments app, Zelle. This shift comes amid a broader pushback from big lenders against regulatory changes, particularly concerning heightened capital requirements and stress testing. As big banks press their case, they are meeting with key federal officials, hinting at an evolving power dynamic in the financial sector.
Source: YAHOO