President Trump's consumer chief, Mick Mulvaney, has delayed rules to rein in payday loans, dropped lawsuits against payday lenders, and stripped enforcement of fair-lending protections.
Regulators fined Wells Fargo in September 2016 for repeatedly creating fake customer accounts to juice the bank's books. The fine was big -- $185 million -- but the allegations were shocking.
A coalition of senators shut out 34 proposed changes to a bill aimed at loosening Dodd-Frank financial regulations imposed on small and regional lenders after the financial crisis.
Former Rep. Barney Frank pushed back Saturday on the White House's assertion that President Donald Trump has the authority to appoint an interim director of the Consumer Financial Protection Bureau, saying the independence of watchdog agency was a key consideration when Congress passed the law to create it in 2010.
Treasury Secretary Steven Mnuchin wants Congress to expand his powers, giving him more influence over the Trump administration's efforts to loosen regulations governing Wall Street and other financial institutions.
President Donald Trump promised to do a "big number" on the 2010 Dodd-Frank law that Congress and President Obama enacted after the financial crisis.
House lawmakers on Thursday advanced the "crown jewel" of the GOP-led regulatory reform effort, effectively gutting the Dodd-Frank financial regulations that were put in place during the Obama administration.
House lawmakers on Thursday advanced the "crown jewel" of the GOP-led regulatory reform effort, effectively gutting the Dodd-Frank financial regulations that were put in place during the Obama administration.
