Margaret Tahyar quoted in Politico on relationship between banks and regulators

Davis Polk partner and Financial Institutions co-head Meg Tahyar was quoted in a Politico article that discussed a crypto bank’s lawsuit against the Federal Reserve and differences in how crypto banks and traditional banks approach their relationships with regulators. Meg explained, “Banks are really afraid to sue the regulators, because they’re also supervised and examined by the regulators.” She also added, “There’s a concern that the regulators will retaliate.”

“Crypto mogul escalates anti-Fed crusade,” Politico (October 13, 2022) (subscription required)