Consumer Group Welcomes Review of Bank Merger Process
Woodstock Institute says Status Quo Harms Low-Income Consumers
Following an announcement from the Consumer Financial Protection Bureau (CFPB) and Federal Deposit Insurance Corporation (FDIC) that the bank regulators are taking action to review the current bank merger process, consumer advocates at the Woodstock Institute highlighted the potential benefits of this action.
In a statement, Woodstock Institute said of the move:
During the best of…