By SARAH BETH FELIX, Special Correspondent
THE Federal Reserve Board’s press release regarding the nomination of Michelle W. Bowman to be Vice Chair of Supervision is not a surprise.
However, there are some mixed feelings with her history of viewing community banks inherently less risky, in terms of AML, than other larger banks. She comes from wearing many hats at her family’s community bank (director, trust officer, and compliance officer) which sets the tone, at least for me, for the rest of these comments.
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