CFPB Plan to Ease Supervision Sparks Bank Resistance

Also, NCUA chief ups the ante on regulation by enforcement; FDIC to meet next week; Consumer Bankers Association elects new board chair

Sponsored by the Investment Company Institute, the asset management industry serving individual investors.

Financial firms have mostly kept quiet as the Trump administration has dismantled large swaths of the CFPB. But a move by Acting Director Russell Vought to substantially shrink the bureau’s oversight of non-banks is proving to be more controversial.…