Kevin Kelly, head of the Clark Hill Government and Regulatory Affairs group, stops by Credit Eco to Go with Joann Needleman to discuss the changes in Washington and what financial services entities need to do to prepare for the days at to come. Kevin tells us that the priorities of the Biden administration will focus, among other things, on the economic crisis and COVID relief in the form of direct stimulus as well as housing and rental assistance. However, agencies in the executive branch of financial services will provide See more +

Kevin Kelly, head of the Clark Hill Government and Regulatory Affairs group, stops by Credit Eco to Go with Joann Needleman to discuss the changes in Washington and what financial services entities need to do to prepare for the days at to come. Kevin tells us that the priorities of the Biden administration will focus, among other things, on the economic crisis and COVID relief in the form of direct stimulus as well as housing and rental assistance. However, agencies in the executive branch of financial services will bring a fundamentally different approach, focusing more on a populist agenda. With the support of Sherrod Brown, who will now chair the Senate Banking Committee, and Maxine Waters retaining her status as Chair of the House Financial Services Committee, access to credit for underserved people and the guarantee of the impartiality and fairness of the financial system will guide their programs. Look for policies that will reflect “recovery for all” and initiatives that ensure that the financial services industry works for everyone. See less –