Dylan Tokar

3 weeks ago | wsj.com | Dylan Tokar |Brian Schwartz

The reductions come after Trump officials on Wednesday sent a memo outlining a narrow set of future priorities for the agency’s supervisory and enforcement functions. Employees on Thursday confirmed they had received termination notices. The CFPB, which was created in the wake of the 2008 financial crisis, emerged as an early target of the Trump administration.

4 weeks ago | wsj.com | Dylan Tokar

Some of the U.S.’s largest banks have pulled back from some electronic information-sharing with a key bank regulator after it disclosed a major cyberattack earlier this month. JPMorgan Chase, Bank of America and Bank of New York Mellon are seeking other ways to send sensitive information to the Office of the Comptroller of the Currency due to concerns around an email hack that is still under investigation, according to people familiar with the matter.

1 month ago | wsj.com | Dylan Tokar

President Trump’s pick to serve as the Federal Reserve’s top regulatory official largely declined to comment on the possible impact of his tariff policies on the banking system. “I think it's unclear at this point since we don’t know how the economic policies will be calibrated and what their effects on the industries will be,” said Michelle Bowman, who Trump nominated to serve as the central bank’s vice chair of supervision. The remark came in response to Sen.

1 month ago | wsj.com | Dylan Tokar

Treasury Secretary Scott Bessent dismissed the turmoil in Treasury markets as normal. “It’s an uncomfortable but normal deleveraging that’s going on in the bond market,” he said during an interview on Fox Business News. Markets would eventually rebound from the impact of an escalating trade war between the U.S. and China, Bessent added. “Part of our discussion, as our allies come and talk to us, is how do we get China to rebalance,” Bessent said.

1 month ago | wsj.com | Dylan Tokar

Your browser does not support HTML5 video. 0:00Paused0:00 / 6:10The Battle Over the CFPB, ExplainedPlay video: The Battle Over the CFPB, ExplainedA federal judge in Washington ordered Trump officials to resume work at a consumer finance watchdog and rehire its fired workers, another setback for the administration’s efforts to sharply downsize the federal government.