Fed Gov. Bowman questions proposed changes to M&A framework, impact on bank consolidation

The influx of credit unions acquiring banks through established mergers and acquisitions (M&A) procedures has raised alarm bells among banking advocates and caught the attention of federal regulators concerning consolidation in the banking sector. Not all regulators agree with the approach outlined in the proposal. Federal Reserve Gov. Michelle Bowman addressed the potential implications of a more restrictive M&A framework.