Story perspectives

Trump Administration Eases Bank Regulations, Sparks Criticism

4/9/2026

Summary

Story summary

U.S. President Donald Trump’s administration has relaxed regulations on major U.S. banks via the Federal Reserve and banking agencies.
Critics, including Jeremy Kress, a former Federal Reserve attorney, warn the move could repeat the pre-2008 crisis.
The Consumer Financial Protection Bureau (CFPB), led by acting director Russell Vought, seeks staff cuts and deregulation of nonbank lender oversight, while continuing to operate with reduced bank supervision.

1 of 1

Story summary

U.S. President Donald Trump’s administration has relaxed regulations on major U.S. banks via the Federal Reserve and banking agencies.
Critics, including Jeremy Kress, a former Federal Reserve attorney, warn the move could repeat the pre-2008 crisis.
The Consumer Financial Protection Bureau (CFPB), led by acting director Russell Vought, seeks staff cuts and deregulation of nonbank lender oversight, while continuing to operate with reduced bank supervision.