The Trump transition team is looking at ways to change Washington’s top bank regulators. They are exploring options to cut down, combine, or even get rid of some important agencies. According to The Wall Street Journal, people close to Trump have asked about the chances of ending the Federal Deposit Insurance Corp (FDIC), which protects people’s bank deposits. They also talked to candidates for leading jobs at the FDIC and the Office of the Comptroller of the Currency. The advisers want to know if the deposit insurance could be moved to the Treasury Department instead.
Trump Team Eyes Major Changes to Bank Regulation Agencies
“Trump’s team is considering changes to bank regulators, possibly eliminating the FDIC and moving its duties to the Treasury. Find out more on this developing story!”
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