BANKING/TREASURY/TRUMP AS PRESIDENT: “The Trump administration will recommend limits on the U.S. consumer-finance regulator and a reassessment of a broad range of banking rules in a report to be released as early as Monday [6-12-17], according to people familiar with the matter.
The report from the Treasury Department, drafted in response to a February executive order from President Donald Trump, is less sweeping than financial legislation approved by the House of Representatives last week, these people said.
That suggests the administration is taking a more pragmatic path than some Republicans who want to throw out Obama-era financial rules wholesale, although administration officials are still seeking to loosen regulatory restrictions on banks in significant ways.
The Treasury Department didn’t immediately respond to a request for comment late Sunday.”
-Ryan Tracy, “Trump Administration to Call for Curbs on Consumer-Finance Regulator,” The Wall Street Journal online, June 12, 2017 12:41am