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January 21, 2021

Timi Iwayemi

Blog Post

2020 Election/TransitionFintechTech

Michael Barr's Past And Present Raise Deep Concerns If Appointed

If appointed to Biden’s OCC, Barr will confront one major new question for the primary federal regulator of banks: how to handle the emergent “fintech” industry of lending and payments apps. Disturbingly, Barr’s history advising and investing in the fintech industry suggests an approach similar to Trump’s own fintech-friendly stooge, former acting Comptroller Brian Brooks.