CRS Summarizes Banking Policy Issues

The Congressional Research Service ("CRS") provided an overview of "selected banking-related issues that may attract congressional interest in the 117th Congress."

In a new report, CRS highlighted issues related to: (i) prudential regulation; (ii) consumer access and fairness; (iii) the effects of the COVID-19 pandemic; (iv) community banking; (v) "too big to fail" concerns, (vi) fintech and (vii) environmental, social, and governance (ESG) expectations.

Specifically, CRS reviewed ongoing policy debates concerning:

• the balance between the effectiveness and the cost of prudential regulations intended to reduce the probability of bank failure, AML violations and cyberattacks;