WASHINGTON, June 24 -- Sen. Bill Hagerty issued the following press release:
On Tuesday, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, sent a letter to Vice Chairman for Supervision of the Federal Reserve Board of Governors Michelle Bowman, Comptroller of Currency Jonathan Gould, Chairman of the Federal Deposit Insurance Corporation Travis Hill, and Acting Director of the Consumer Financial Protection Bureau Russell Vought encouraging them to reform the rules governing the handling of confidential supervisory information (CSI).
In recent years, overly restrictive rules governing the sharing of CSI have been exploited to stonewall congressional oversight, impose hostile supervisory agendas on disfavo...