Reports: Trump nominates Gould to OCC, McKernan to CFPB
President Trump has sent to the Senate the nominations of Jonathan Gould to be comptroller of the currency and Jonathan McKernan to be director of the CFPB, according to news reports.
President Trump has sent to the Senate the nominations of Jonathan Gould to be comptroller of the currency and Jonathan McKernan to be director of the CFPB, according to news reports.
The NFIB Small Business Optimism Index fell by 2.3 points in January to 102.8, although it remained above the 51-year average of 98, the National Federation of Small Business said.
Intercity State Bank in Schofield, Wisconsin, will be absorbed by One Community Bank in Oregon, Wisconsin. Both are owned by the Bosshard family.
Lawmakers should apply the principle of “same activity, same risk, same regulation” and ensure the resulting ecosystem operates with safeguards that appropriately mitigate financial stability and consumer protection risk, ABA said.
Federal Reserve Chairman Jerome Powell said that “no other federal regulator” is examining large banks to ensure they are complying with certain consumer protection laws following the Trump administration decision to suspend all CFPB activities.
President Trump confirmed that he plans to close down the CFPB, which he said “was set up to destroy some very good people.”
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