Trump administration

Banks may be hoping for a friendlier enforcement environment under the Trump administration, but legal experts suggest a lighter touch will probably not extend to Wells Fargo.

White House economic chief makes nice with Elizabeth Warren over resurrecting bank separation law; Renaud Laplanche launches a new company to compete with his old one.

In a private meeting with lawmakers, White House economic adviser Gary Cohn reportedly said he supports a policy that could radically reshape Wall Street's biggest firms by separating their consumer-lending businesses from their investment banks.

Affordable housing advocates are skeptical of claims by the Department of Housing and Urban Development that proposed cuts to the agency's budget will eventually be made up for by additional funding in the infrastructure bill.

The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.