Biden wants to crack down on bank mergers – here's why that could help consumers and the economy
- Written by Jeremy Kress, Assistant Professor of Business Law, University of Michigan
Biden directed regulators to find ways to limit bank mergers. AP Photo/Andrew HarnikPresident Joe Biden signed a sweeping executive order on July 9, 2021, that aims to increase competition throughout the U.S. economy. In one of the order’s most significant provisions, he directed federal regulators to strengthen oversight of bank mergers.
As...