News Topic: Trump administration

The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau. ... Read full article

Goldman CEO tells the bank's shareholders he's proud of his employees' service record; former Wells CEO realizes $83 million in well-timed exercise of stock options. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article

President Trump’s first budget blueprint calls for the elimination of the Treasury’s Community Development Financial Institution grant program, a fund that has traditionally enjoyed bipartisan support but that conservatives have criticized as wasteful. ... Read full article

President Trump's budget released Thursday calls for slashing the Department of Housing and Urban Development's funding by 13%, or $6.2 billion, compared with 2016 levels, a blow to many bankers who say affordable housing programs and other HUD ... Read full article

President Trump made a series of nominations to top Treasury posts as the administration continues to staff up. ... Read full article

Euronet's offer seeks to spoil Ant Financial's January deal for money-transfer company; White House nominates six to top Treasury posts, including James Donovan as deputy secretary. ... Read full article

Thomas Vartanian, a corporate lawyer and former regulator, is a noted critic of the Dodd-Frank Act who is reportedly being considered for a key spot in the Trump administration. ... Read full article

The administration’s executive order on financial regulation is open to interpretation, but the document will likely serve as the touchstone for financial regulators in the years ahead. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article

In his meeting with community bankers, President Trump openly pondered the fate of CFPB Director Richard Cordray with his advisers and appeared eager to quickly fix industry concerns through executive orders. ... Read full article

President Trump met with community bankers on Thursday to highlight executive actions he has taken to provide regulatory relief to the industry and promote job growth. ... Read full article

Jamie Dimon said President Trump's economic agenda has ignited U.S. business and consumer confidence and he expects at least some of the administration's proposals to be enacted. ... Read full article

Lawyer Jay Clayton's numerous Wall Street ties raise questions about possible conflicts of interest; wealthy family offices are becoming a "disruptive force" in finance. ... Read full article

GE Energy Financial Services CEO David Nason is withdrawing his name from consideration as one of the key open positions at the Federal Reserve Board, according to a GE spokesperson. ... Read full article

Justice Department may pull back on discriminatory lending cases against banks; Barclays may have appetite for risk. ... Read full article

The banking industry is counting on regulatory relief coming out of the Trump administration and Congress, potentially lowering costs and boosting returns for investors. But there are significant constraints on how much the White House and Congress might ... Read full article

The Justice Department plans to defend President Trump's executive authority by siding with PHH Corp. in the mortgage lender's controversial case alleging the Consumer Financial Protection Bureau is unconstitutional. ... Read full article