Kamala Harris and Katie Porter Introduce Bill to Take on Big Banks

[tishaLA]

<...> The bill, the Accountability for Wall Street Executives Act, would allow for state attorneys general and state law enforcement to conduct oversight of national banks regarding compliance with state law, including giving them the ability to issue subpoenas to examine bank records and interview bank executives.

The goal of the legislation is to deter the conditions that, experts say, led to the subprime mortgage crisis in the late aughts. And none of the major banks would seem to be immune.

Deutsche Bank, which is now under criminal investigation for possible money-laundering lapses including allegedly suspicious activities linked to entities tied to Donald Trump, would be subject to subpoenas if there was reason to believe that it too was not complying with state financial protection laws, according to a Harris aide. Though a Treasury Department official disputed that it would arguing that its primary activities are regulated by the State of New York and the Federal Reserve.

https://www.thedailybeast.com/kamala-harris-and-katie-porter-intro-bill-to-take-on-big-banks-including-trumps

[Karadeniz]

1. They're not doing this? When I think of how I, as a teacher, was monitored....