The Consumer Financial Protection Bureau's Director Richard Cordray refused to comment on how he would respond if President Donald J. Trump asked for his resignation, but said the independence of the consumer watchdog agency was "worth fighting for."
The plan to offer special-purpose national charters to fintech companies is a one-size-fits-all approach that could prove detrimental to the growth of startups.
The Senate Banking Committee voted unanimously to approve the nomination of Ben Carson as secretary of Housing and Urban Development, sending his nomination forward to the full chamber.
If the new White House engages in the same process of listening to and researching the fintech industry that President Obama initiated eight years ago, startups should just take a pass.
Wells branch employees knew in advance when bank inspectors were coming; Goldman, Morgan Stanley and JPMorgan execs have sold nearly $100 million in stock during the Trump rally
