MADISON, Wis. – Michael Barr, the former Assistant Secretary at Treasury who helped implement the Troubled Asset Relief Program, or TARP, and helped draft the Dodd-Frank financial reform bill, was named a research fellow this morning by the Filene Research Institute, the think tank for credit unions.
Barr left Treasury last year, and currently teaches financial regulation and international finance at the University of Michigan. Before leaving Treasury he was one of the leading candidates to head the new Consumer Financial Protection Bureau. He is deeply knowledgeable about credit union issues, having worked on the corporate credit union bailout and its 2009 enabling legislation.
“Attracting Professor Barr is a testament to both the value and the potential of credit unions in today’s marketplace,” says Mark Meyer, CEO of the Filene Institute. “His academic work and his intimate knowledge of the currents of financial regulation will help Filene continue to publish essential research and experiment with new, innovative models to deliver consumer financial services.”
Barr conducts large-scale empirical research regarding financial services and writes about a wide range of issues in financial regulation. He previously served as Treasury Secretary Robert Rubin's special assistant, and as Deputy Assistant Secretary of the Treasury, and before that was special advisor to President Bill Clinton.
