On February 12, Trump administration officials are discussing plans to consolidate bank regulators, possibly attempting to merge the Federal Deposit Insurance Corporation (FDIC) into the Treasury Department without congressional approval, and merge its regulatory functions with the Office of the Comptroller of the Currency (OCC).
The plan, which aims to reduce the powers of the banking regulator and increase direct government control over the financial sector, comes after the Trump administration took action against the Consumer Financial Protection Bureau in an attempt to limit its influence.
The Trump administration is considering merging the FDIC and OCC, with plans to reduce the powers of banking regulators
2025-02-12 01:26:19
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