Industry regulation

Trump administration must fund U.S. consumer finance watchdog, judge says

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Trump administration must fund U.S. consumer finance watchdog, judge says

A view of the Consumer Financial Protection Bureau (CFPB) headquarters building in Washington, DC, on Feb. 10, 2025. Saul Loeb | AFP | Getty Images A federal judge on Tuesday rejected a claim by President Donald Trump’s administration that it is legally barred from securing funding for the U.S. Consumer Financial Protection Bureau, noting that … Read more

Bessent to propose major overhaul of regulatory body created from financial crisis

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Bessent to propose major overhaul of regulatory body created from financial crisis

Treasury Secretary Scott Bessent is proposing a major change in the approach to how the government approaches financial regulation and stability, CNBC has learned. In a letter set to be released Thursday, Bessent will recommend changing the approach of the Financial Stability Oversight Council. Whereas the agency’s focus had been tightening regulations and oversight of … Read more