Trump Advisers Seek to Shrink Bank Regulation [View all]
Trump Advisers Seek to Shrink Bank Regulation
December 12, 2024 at 8:30 pm EST By Taegan Goddard 10 Comments
https://politicalwire.com/2024/12/12/trump-advisers-seek-to-shrink-bank-regulation/
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“The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington,” the Wall Street Journal reports.
“In recent interviews with potential nominees to lead bank regulatory agencies, Trump advisers and officials from his newfound Department of Government Efficiency have, for example, asked whether the president-elect could abolish the Federal Deposit Insurance Corp.”
“Advisers have asked the nominees under consideration for the FDIC, as well as the Office of the Comptroller of the Currency, if deposit insurance could then be absorbed into the Treasury Department.”
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