The Federal Reserve Board of Governors met to consider bank enforcement actions for the first time since November 2010, after chairwoman Janet Yellen pledged to Sen. Elizabeth Warren in February to step up the board’s involvement in bank supervisory and regulatory matters.
Yellen, in a Feb. 27 appearance before the Senate Banking Committee, agreed to a request by Warren, a Democrat from Massachusetts, for greater board involvement in supervision. The Fed oversees about 6,000 banks.
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