Bair defends financial overhaul
Federal Deposit Insurance Corp. Chairman Sheila Bair defended the Dodd-Frank financial overhaul before a conference of community bankers Tuesday, chiding industry officials and lawmakers who have complained that regulators are moving too quickly in implementing the new law.
The announcement that FDIC Chairman Sheila Bair will be stepping down on July 8th, while expected, has sparked a larger discussion on the need to fill key positions across the government's regulatory agencies.