Ted Kaufman, former chief of staff to the president-elect, will have a voice in choosing financial regulators
WASHINGTONA decade ago, Ted Kaufman sought to rein in big banks. Now he will have a significant role in picking the people who supervise them. In 2010, during a brief stint in the Senate, Mr. Kaufman led a push to limit the size of U.S. lendersa move that would have led to the breakup of the biggest banks had it been successful. Mr. Kaufman is leading President-elect Joe Bidens transition team, giving him a voice in choosing appointees to fill positions across the government, including the Consumer Financial Protection Bureau and the Securities and Exchange Commission. A longtime friend of Mr. Biden, Mr. Kaufman is seen as a bridge between moderate Democrats and more liberal members of the party, who applaud his long history of seeking tough new rules on the financial-services industry....
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