Bloomberg's financial regulation plan includes some pretty progressive ideas

Michael Bloomberg.
(Image credit: Joe Raedle/Getty Images)

Former New York City Mayor Michael Bloomberg is apparently letting the progressives get to him.

The billionaire and 2020 candidate is set to unveil his plan for regulating the financial industry on Tuesday, and as The New York Times reports, it "features ideas that wouldn't be out of place" for 2020 candidates Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.). Diverging from his past criticism of Wall Street regulation, Bloomberg will propose tighter oversight rules that touch on hot-button topics such as student loans, per the Times.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.