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

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. The simmering dispute highlights how even regulatory rollbacks can leave pockets of the industry unhappy …