Barney Frank, champion of financial regulations, joins a bank board

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Former Rep. Barney Frank (D-Mass.) announced Wednesday he is joining Signature Bank’s board of directors.
The former chairman of the House Financial Services Committee was instrumental in drafting the 2010 Dodd-Frank Wall Street Reform law, which shares his name.
The pairing seems odd, given that Frank has frequently worked for more banking regulations often opposed by the industry.
{mosads}”As a commercial bank catering primarily to privately owned businesses, Signature Bank knows firsthand the importance small business plays in the health and vibrancy of our nation’s economy,” Frank said in a statement. “I am excited to be part of all this in my new capacity as board member and in working with the other directors and management.”
The New York-based Signature Bank has $28.6 billion in assets.

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