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Business CFPB court Ohio President Donald Trump 

Outside adviser to Trump calls for firing of CFPB head Cordray

July 30, 2017 By Sarah N. Lynch and Susan Cornwell WASHINGTON (Reuters) – An outside adviser to U.S. President Donald Trump called on Sunday for the firing of Consumer Financial Protection Bureau director Richard Cordray. Corey Lewandowski, Trump’s former campaign manager who still speaks regularly to the president, criticized a CFPB rule that would make it easier for consumers to sue financial companies. Currently, many consumers are required to settle disputes related to credit cards and other banking products through mandatory arbitration. “It’s my recommendation to the president of the…

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Business CFPB Congress Randal Quarles Trump Wall Street 

Trump’s Wall Street game plan needs players

June 13, 2017 By Pete Schroeder and Lisa Lambert Washington (Reuters) – Wall Street banks on Tuesday cheered U.S. President Donald Trump’s plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon.     The Trump administration has said the bulk of its plan for overhauling bank regulation can be done via executive order and through regulators, rather than requiring legislation from Congress. But Trump is months away from installing top officials at key regulatory…

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Business CFPB Congress President Donald Trump report 

U.S. Treasury unveils financial reforms, critics attack

June 13, 2017 By Pete Schroeder and Lisa Lambert (Reuters) – The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country’s financial regulatory framework, which, if successful, would grant many items on Wall Street’s wishlist. The nearly 150-page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress. Republican President Donald Trump has gradually been nominating heads of financial agencies like the Office of the Comptroller of the Currency and the Securities and Exchange Commission to carry out…

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