Former Rep. Barney Frank co-sponsored the law that tightened banking regulations after the financial crisis. Since leaving office, he has been working the other side of the street—as a board member of Signature Bank, which regulators shut down Sunday.
WASHINGTON—Former Rep.
Barney Frank co-sponsored the law that tightened banking regulations after the financial crisis, but since leaving office he has been working the other side of the street—as a board member of Signature Bank , whichThe 2010 Dodd-Frank legislation set tougher regulatory safeguards on banks with more than $50 billion in assets. After leaving office and joining Signature’s board, Mr. Frank publicly advocated for easing those new standards for smaller banks.
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