Top Lawyer Signals Fed Will Follow Trump's Deregulatory Plans

Also, `illuminating' testimony details CFPB firing effort

Speaking to an audience of bank executives this morning, Fed General Counsel Mark Van Der Weide made it plain that the central bank isn’t keen on hindering the Trump administration’s campaign to scale back rules for the financial industry. In fact, it’s likely to be an active participant.

Van Der Weide is known for keeping his opinions close, but there w…