A new report from the U.S. Government Accountability Office proposes a new framework for the discussion of modernizing the “outdated” financial regulatory system. It isn’t like the Treasury Department’s recent proposal, which comes right out and recommends elimination of the OTS and NCUA. The new President will be sworn in soon, the economic crisis is the first challenge on his plate, and the report has just put down a place setting. The long forks and sharp knives will come out next week.”]
Source: https://www.cuinfosecurity.com/blogs/regulatory-reform-gao-report-starts-debate-p-124