Handicapping Congress and worrying about issues like “Will there ever be a Biden Comptroller of the Currency who isn’t an ‘acting’ one?” can simply spin your wheels. Nonetheless, many real-world initiatives affecting financial services may come together in 2024 in Washington.
Here are five to watch as the year begins, based on interviews with experienced Washington hands and additional research. This is a companion article to “2024 Trends: Prepare for Disruptive Activism from a Politicized CFPB.”
1. M&A policies may ease, as 2024 progresses, out of necessity
During the banking crisis in the first quarter of 2023, all the rules seemed to be paused for a time and damage control was the goal. In time, the hubbub over the crisis seemed to die down, the hearings were over, the agency reports were issued.
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