Dylan Tokar
Reporter at The Wall Street Journal
Reporter @WSJ @WSJRisk covering corporate crime, corruption and illicit finance. @iape1096 member. Contact me at [email protected]
Articles
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1 week 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.
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2 weeks 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.
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3 weeks 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.
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3 weeks ago |
wsj.com | Dylan Tokar
U.S. banking regulators said they were rescinding a major update by the Biden administration to rules that seek to ensure fair access to loans for low-income borrowers. A prior version of the rules had scored banks on their low-income lending based on the proximity of borrowers to physical branch locations. In 2023, the Biden administration revamped those rules, saying the prior ones were outdated since so much financial activity now happens online.
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1 month ago |
wsj.com | Dylan Tokar
Scott Bessent is staking out a leadership role for the Treasury Department in the Trump administration’s deregulatory campaign.
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Coverage here: https://t.co/LKJEBqB1rl
Referring to the Trump administration's executive order on the independent agencies, Bessent says: “We need our financial regulators singing in unison from the same song sheet. To be clear, this does not mean consolidation of agencies, but coordination via Treasury, such that
RT @NickTimiraos: Michael Barr on the principle of Fed independence in the context of bank oversight: In its 110 years, "the Federal Reserv…
There's a new front in America's war on drugs. Chinese money brokers are teaming up with Mexican cartels to grease the wheels of the fentanyl trade. Our go at explaining the world of Chinese money laundering. w/ @kowsmann @BrianSpegele https://t.co/olt03tpDvs
