News Topic: Trump administration

The administration’s regulatory blueprint would undermine the calculation of the so-called leverage ratio, a key ingredient in determining large banks’ capital strength. ... Read full article

James Clinger is currently general counsel to the House finance panel; CFPB director refutes House panel claims he didn’t do his job in Wells Fargo investigation. ... Read full article

Though FDIC Martin Gruenberg's term does not expire until November, President Trump announced his successor late on Friday. ... Read full article

The Senate Banking Committee voted Wednesday to approve the nomination of Pam Patenaude to be the deputy secretary of HUD. ... Read full article

Thirty-eight House Democrats sent a letter to President Trump voicing their concern that Wall Street insiders will be appointed to top spots at the Federal Reserve Board. ... Read full article

The Treasury Department published its first report on regulatory reform, offering some familiar industry asks alongside some surprising positions. ... Read full article

The new acting chief of one of Washington’s major banking regulators has agreed to stay away from issues involving dozens of former legal clients, including 14 banks that the agency oversees, according to his ethics agreement. ... Read full article

A report quietly released by the Treasury Department says there is “clear evidence” that a program President Trump wants to cut helps recipients provide financial services to the most underserved communities. ... Read full article

The Trump administration is stepping away from the government’s 7-year legal fight with Amex that centers on retailers’ right to encourage the use of particular cards. The decision is good news for issuers of credit and debit cards, though it is hardly the ... Read full article

There is a great opportunity this year to show the world that Congress can still pass bipartisan, common-sense legislation that helps lift the U.S. economy. ... Read full article

President to name former One West lieutenant to Treasury Secretary Steven Mnuchin to head OCC; Wells plunges to number 100 from seventh in Barron's rankings of most respected public companies. ... Read full article

After months of speculation, former OneWest CEO Joseph Otting was finally named as the nominee for Comptroller of the Currency. ... Read full article

Given Jamie Dimon’s stature in banking, it’s unlikely that the longtime CEO's role on the advisory panel of a controversial president could tarnish JPMorgan Chase's reputation. But his involvement nonetheless carries an element of political risk. ... Read full article

More business lending is shifting from banks to "murky" trusts as the government imposes more restrictions to reduce risky loans; 11 states advance suit as Justice Department retreats. ... Read full article

The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act. ... Read full article

The end of the filibuster for presidential nominees could affect whether Democrats get a say in picking board members of the FDIC. ... Read full article

President Trump’s budget would reduce funds to the CFPB and eliminate a fund designed to help regulators unwind a failing megabank. ... Read full article

Jim Donovan, nominated in March, was one of many Goldman Sachs alums to join the administration. ... Read full article