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The Trump administration will not approach economic policy like the Federal Reserve does, but the central bank can still address its own problems before the new administration intervenes.
November 15 -
Sen. Elizabeth Warren delivered a blunt message to fellow Democrats not to make any deals when it comes to restructuring the Consumer Financial Protection Bureau. But whether the progressive Democrat can hold the line with her colleagues or stave off Republican attempts to rejigger the agency using filibuster reform remains to be seen.
November 14 -
Mary Jo White has stepped to the front of the line of financial regulators moving aside for Donald Trump's administration.
November 14 -
The Clearing House, which is co-owned by the nation's largest banks, has asked the Justice Department to conduct an antitrust review of its next-generation payments network. A thumbs-up from antitrust officials could prove useful in convincing smaller banks to join the effort.
November 14 -
The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary. A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him.
November 14 -
After anticipating four years of coordination with the White House, stunned Wall Street critics are reorganizing their priorities and vowing to oppose any attempts by the new Republican government to roll back post-crisis reforms.
November 14 -
The same incentives structure that encouraged bad behavior at the bank can be blamed for ethical mishaps in other industries as well as the government.
November 14Cornell University -
The president-elect faces major questions about credit access, affordable housing, the future of Dodd-Frank, and the structure of the Consumer Financial Protection Bureau, and the extent to which he will act upon them remains unclear.
November 14Community Home Lenders of America -
The Consumer Financial Protection Bureau's contentious rulemakings on arbitration and payday lending may be in jeopardy with the change in administrations and continued GOP control of Congress.
November 13 -
Facebook has disabled so-called ethnic affinity filters from housing, credit and employment advertising following mounting criticism that the practice allowed marketers to discriminate against minorities in violation of fair housing and civil rights laws.
November 11