The Treasury’s first report on reforming regulations under Dodd-Frank means “we can start counting down to the next crisis now,” writes the New York Times Editorial Board.
Senate Democrats urged the Department of Justice to keep President Trump’s campaign promise and block the merger of AT&T and Time Warner, which could result in sharp rate increases for consumers. (The Hill)
The Treasury Department recommended changes to the Consumer Finance Protection Bureau (CFPB) this week, outlined by Barbara Mishkin at Consumer Finance Monitor.
Americans are better off with strong regulations in the consumer financial services market despite the White House’s attempt to dismantle them, argues David Reiss in The Hill.
President Trump intends to nominate congressional aide James Clinger to be a chairman of the FDIC for a five-year term (WSJ).
CFPB Director Richard Cordray responded in a letter to House criticism charging that the CFPB had not adequately policed Wells Fargo (Consumer Law & Policy Blog).