FDIC's Tough Merger Guidance Bears Chopra's Stamp

Also, House Financial Services digs into international governance groups; SEC climate cases consolidated

The FDIC vote setting out tougher guidelines for approving mergers is (finally) a win for progressives, who have long complained that lax scrutiny of deals harms consumers – and fuels the rise of more too-big-to-fail banks. Not surprisingly, the revamp bears the heavy imprint of CFPB Director Rohit Chopra, an outspoken critic of bank tie-ups who sits on…