News Topic: Trump administration

A report released Tuesday echoes bankers’ arguments that the USPS is ill-equipped to manage the risks. ... Read full article

A motion to limit debate on the nominee to run the consumer bureau passed along strictly party lines, setting the stage for her to be confirmed as early as next week. ... Read full article

The president’s escalating criticism of the central bank might be bluster. But it raises questions about how far he might go and what would happen if he tried to act. ... Read full article

President Trump stepped up his attacks on the Federal Reserve Board and its chairman, Jerome Powell, blaming the central bank for declines in the stock market. ... Read full article

Kathy Kraninger, who may get a confirmation vote as early as this week, has suggested a similar vision to that of the agency’s current acting chief. But some see signs she could bring a different approach to the job. ... Read full article

The report released by Sen. Sherrod Brown, a possible presidential contender, said the acting chief has undermined the bureau’s mission. ... Read full article

The Senate's approval of the Kansas banking commissioner leaves the board with two remaining seats to fill as the administration's nominees for the vacancies await votes. ... Read full article

Majority Leader Mitch McConnell filed a motion for cloture on the nomination of Kathy Kraninger to run the agency, setting up a potential vote later this month. ... Read full article

The Senate is poised to confirm Kansas Banking Commissioner Michelle Bowman to the Federal Reserve Board. But the nominations for the two other open seats are still in limbo. ... Read full article

Democrat Maxine Waters, in line to take over the House Financial Services Committee, told colleagues she would undertake a deep dive into President Donald Trump's "money trail," beginning with ties to Deutsche Bank. ... Read full article

The presumptive chair of the Financial Services Committee resumed her tough criticism of the administration, but also committed to "hearing a range of views" if handed the gavel. ... Read full article

The midterm elections virtually eliminate the chance that progress will be made on financial services legislation. ... Read full article

The presumptive chair of the House Financial Services Committee will likely take the panel in a sharply new direction and have a new bully pulpit to criticize the Trump administration. ... Read full article

The focus since the 2016 election on easing rules, tax cuts and expanding access to credit is about to be turned on its head. ... Read full article

From Democrats winning control of Congress to an escalating trade war and technology companies applying for a fintech charter, there are plenty of scary prospects facing the industry. ... Read full article

Legendary former central banker Paul Volcker praised Jerome Powell as the current Federal Reserve chairman faces fire from President Donald Trump for raising interest rates. ... Read full article

President Donald Trump said he won't fire Federal Reserve Chairman Jerome Powell but blamed an "out of control" U.S. central bank for the worst stock market sell-off since February. ... Read full article

Senate Democrats on Wednesday called for acting CFPB Director Mick Mulvaney to reveal the vetting process that led to the hiring of a political appointee whose past incendiary writings have caused an uproar at the agency. ... Read full article