Mnuchin: Will Work to Reduce Overlapping Bank Regulation

The speaker discusses their experience in obtaining a banking charter and working with regulators like the OTS and OCC. They emphasize the importance of treating regulators as clients and express concerns about overlapping regulations affecting community banks. The speaker advocates for proper regulation that supports small and medium-sized businesses, warning against a future dominated by only a few large banks.

What was the speaker's experience with the OTS and the responsibilities that came with being issued a banking charter?

How does the speaker view the relationship between regulators and banks?

What concerns does the speaker express regarding the impact of regulation on community banks?

In what ways does the speaker believe small and medium-sized banks contribute to the economy?

What is the speaker's stance on the future of banking in relation to the number of large banks?