Deposit Insurance Quagmire on Display at House Hearing

Also, Fed details supervisory changes and Barr is not happy; McKernan on AML, capital fixes and ChatGPT

Deposit insurance reform may be having its moment in the spotlight, but today’s House Financial Services Committee hearing offered a reality check. After nearly four hours of debate, there was little agreement on a path forward – and the leading bipartisan proposal in the Senate, touted by the Treasury secretary, came in for plenty of criticism.

“There a…