President Trump plans to tap nominees to head the independent financial regulators that will be more willing to listen to industry than past heads, a senior White House official said Thursday.
The administration’s regulatory blueprint would undermine the calculation of the so-called leverage ratio, a key ingredient in determining large banks’ capital strength.
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.
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.
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.
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.
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 last word on the case.
