OCC Working Without Congressional Authority, NY's Vullo Says

The video discusses the role of state regulators in preventing financial crises, focusing on changes since the last crisis, the rise of shadow banking, and the tension between federal and state regulatory powers. It highlights the legal challenges against the OCC's fintech charter and emphasizes the importance of state regulation in protecting markets and consumers.

How has the role of state regulators changed since the great financial crisis?

What actions did Congress take after the financial crisis under the Obama administration?

What concerns are raised regarding shadow banking and nondepository lending institutions?

What is the significance of the National Bank Act in relation to state authority?

What potential risks could arise from allowing non-bank entities to operate without strong state regulation?