News Topic: Trump administration

The Trump administration directed independent agencies to submit their pending regulations for review by the Office of Information and Regulatory Affairs, a novel procedural hurdle that could slow down policy changes. ... Read full article

A fourth Senate Republican said he'd vote against businessman Herman Cain joining the Federal Reserve Board, all but sinking any chances that he'd get through the confirmation process if Democrats stay united in their opposition. ... Read full article

The attorney general told lawmakers that exempting states that have legalized marijuana from the federal ban is better than the current system where state and federal laws are in conflict. ... Read full article

The central bank has failed to appropriately scrutinize deals in recent years, potentially putting the financial system at risk. ... Read full article

The bank’s biggest shareholder says Wall Street shouldn't yield its next CEO; concern that mistakes that led to the financial crisis are being repeated. ... Read full article

A senior official recently criticized how some groups responded to the OCC’s initial steps to reform the Community Reinvestment Act. It’s a worrying sign that the agency will ignore concerns raised by advocates. ... Read full article

President Donald Trump said Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, is being vetted for a seat on the Federal Reserve Board. ... Read full article

The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator. ... Read full article

Sens. Sherrod Brown, D-Ohio, and Ron Wyden, D-Ore., pressed Stephen Moore for details about reports that he owes more than $75,000 in taxes and failed to pay more than $300,000 in alimony and child support. ... Read full article

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud. ... Read full article

Four lawmakers are calling on the White House to act quickly to appoint members to Democratic slots on the Federal Deposit Insurance Corp.'s board and on the Securities and Exchange Commission. ... Read full article

Linda McMahon is planning to step down from leading the Small Business Administration to help raise money for President Donald Trump’s re-election campaign, according to people familiar with the matter. ... Read full article

The addition of the conservative pundit could signal the Trump administration's intent to have a more direct hand in central bank policies, yet Moore could experience his own transformation as a Fed governor. ... Read full article

As lawmakers discuss reform legislation, the president’s memo calls on agencies to draft both administrative and legislative reform options and deliver their reports “as soon as practicable.” ... Read full article

Artificial intelligence lets banks predict employee misconduct; banks will get more flexibility on how they count rate swaps. ... Read full article

Stephen Moore drew swift and unusually pointed criticism after President Trump picked him to be a governor of the Federal Reserve, with at least one prominent Republican economist calling on the Senate to block the appointment. ... Read full article

Moore is a founder of the conservative Club for Growth and served on the editorial board of The Wall Street Journal. ... Read full article

The New York attorney general’s office issued subpoenas to Deutsche Bank AG and Investors Bank for records relating to the financing of Trump Organization projects and an unsuccessful effort to buy the Buffalo Bills football team, The New York Times ... Read full article