Warren Pushes Regulators to Get Tougher on Banks

Warren Pushes Regulators to Get Tougher on Banks

April 22, 2014, Wall Street Journal

Covington partner Edward Yingling is quoted in regards to Sen. Elizabeth Warren pushing top regulators, in public and in private, to get tougher on the nation's largest banks. The article states, "Industry representatives say her criticism of financial institutions has given regulators a green light to turn up the heat on banks. 'I think what really happened was that the key regulators were headed in [a more aggressive] direction,' Ed Yingling, a former head of the American Bankers Association who is now a partner at the law firm Covington & Burling LLP. Pressure from Ms. Warren and others on Capitol Hill, he said, 'gave them more strength in doing what they wanted to do anyway.'"