Trump Tracker

The Trump Administration is making historic changes to financial policy and our regulatory system. Our team is tracking these changes, by agency, below.

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Date	Action	Agency	Summary
2025-07-10	Jonathan Gould is confirmed as Comptroller of the Currency	OCC	Jonathan Gould, a supporter of deregulation and crypto, was confirmed to lead the Office of the Comptroller of the Currency. He will be in charge of the supervision of nearly 1,000 banks that together hold $16 trillion in total assets, or nearly two out of every three dollars in the banking system. Related Better Markets material: Five Key Questions to Ask Trump’s Comptroller of the Currency Nominee (3/26/25)
2025-07-08	CFPB Top Fair Lending Official Placed on Administrative Leave	CFPB	The CFPB has placed its top fair lending official on administrative leave without explanation. J. Frank Vespa-Papaleo, the CFPB’s assistant director for the Office of Fair Lending and Equal Opportunity, was placed on administrative leave on Monday, July 7th, suggesting that work within this division has dramatically slowed down and that new CFPB leadership has little interest in fair lending matters.
2025-07-04	The Big Beautiful Bill Cuts CFPB Funding by Hearly Half	CFPB	The Trump Administration’s “Big Beautiful Spending Bill,” signed into law on July 4th, 2025, has cut the source of the CFPB’s funding by nearly 50%. The CFPB is funded through the Federal Reserve instead of the congressional appropriations process. But under the terms of the spending bill, the CFPB’s funding would be cut from 12% of the Federal Reserve’s earnings to 6.5% of the central bank’s earnings, a drastic cut that will undermine the agency’s ability to fulfill its mission.
2025-07-03	FDIC takes final action to rescind its 2024 bank merger policy	FDIC	FDIC is rescinding its 2024 policy that actually strengthened the process for assessing bank mergers, and rolling back to the prior policy. While the current policy was not perfect, it had implemented necessary regulatory procedures to assess whether mergers were in the best interest of consumers, competition, and financial stability, which will now be lost.
2025-07-01	OCC stops efforts to find and stop discrimination in banking	OCC	The OCC announced that it has stopped using disparate impact theory in fair lending examinations. It will now only recognize overt acts of discrimination by banks and ignore acts that do not have a discriminatory intent but still result in an unfair outcome.
2025-06-27	FDIC Proposes a Rule that Would Weaken Bank Capital Requirements	FDIC	The FDIC Board voted unanimously 3-0 to propose changes to the enhanced supplementary leverage ratio (eSLR) standards. The proposal, along with anticipated similar actions by the other banking agencies, would significantly weaken capital requirements for Wall Street megabanks. Lowering leverage-based capital requirements will fail to alleviate Treasury market pressures and will increase risks to financial stability. Such undercapitalization places the economy at substantially increased risk for another financial collapse. Notably, the public board meeting, originally scheduled for June 26, 2025 was cancelled and this decision was made privately by notational vote. Read Better Markets’ statement here.