Trump Team’s Plan to Dismantle Bank Regulators Risks Economic Collapse
President-elect Trump’s transition team is exploring the possibility of weakening or abolishing key banking regulators, including the FDIC and OCC, potentially transferring their functions to the Treasury Department. This aligns with Project 2025’s proposal to merge several financial regulatory agencies. Concerns have been raised that dismantling these agencies, particularly the FDIC, could undermine public trust in the banking system and increase the risk of another financial crisis. The potential elimination of the CFPB is also under consideration, reflecting a broader push for deregulation within the financial sector.
John Q. Hosedrinker