US Treasury Secretary Scott Bessent says his department aims to increase regulation of banks to match lending policies with risk. This shift is aimed at boosting economic growth, wages, and opportunities for American families.
Bessent cited the lack of consideration for economic growth in banking regulations as a major issue. As a result, he claims that this has led to reduced lending, slower wage growth, higher inflation, and fewer job opportunities for families.
Source: https://www.bloomberg.com/news/articles/2025-04-09/bessent-says-treasury-to-take-on-greater-role-in-bank-regulation