Bank Mergers Face More Public Hearings, Scrutiny Under Biden

Karen Solomon spoke with Bloomberg Law regarding the increasing number of hearings for big bank merger reviews, which allow community groups and regulators to seek changes and conditions before deal approvals.

Karen discussed how even virtual bank merger hearings carried out during the COVID-19 pandemic present opportunities for the public to speak directly to regulators and make an impact beyond their comment letters. The regulators can ask direct questions and have conversations with concerned citizens or parties, she said.

“When you’ve got a written submission, it’s not interactive,” Karen remarked.

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