With key positions filling up, Biden’s regulatory agenda to take shape in 2022

FILE PHOTO: The seal of the Consumer Financial Protection Bureau (CFPB) is seen at their headquarters in Washington, D.C.
FILE PHOTO: The seal of the Consumer Financial Protection Bureau (CFPB) is seen at their headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly/File Photo

By Pete Schroeder

WASHINGTON – Next year will be a turning point for U.S. financial policy as Democratic President Joe Biden’s new regulators ready a slew of rule changes that are set to create headaches for Wall Street and corporate America.

A year into his administration, Biden’s top financial regulatory team is finally taking shape. Over the next 12 months, his picks are set to reverse the former Trump administration’s light touch, taking a tough stance on Wall Street and new players entering the financial sector.