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Letters to Congress: Letter to The Senate Banking Committee Supporting the Close the Shadow Banking Loophole Act
Americans for Financial Reform and partners sent a letter to the Senate Banking, Housing, and Urban Affairs Committee supporting the reintroduction of the Close the Shadow Banking Loophole Act. The legislation would close a longstanding loophole in U.S. policy that allows any type of firm to control a full-service FDIC-insured bank without being subject to the same supervision and regulation.
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Big Banks, Wall Street, Capital Markets and Financial Stability
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