“That’s how you drain the swamp.” Uh-huh.


Politico reported on Apr. 11 that the White House “will direct federal agencies to make deep personnel cuts over the next year” in a 14-page memo that replaces the hiring freeze. “The memo tells agencies to ‘begin taking immediate actions to achieve near-term workforce reductions.’… The memo also calls for delivery by September of an…

Hensarling on the Move!


Rep. Jeb Hensarling’s revised proposed legislation to replace Dodd-Frank was unveiled yesterday and is expected to be introduced later this month. The Journal wrote: “The summary of proposed legislation from House Financial Services Committee Chairman Jeb Hensarling (R., Texas) shows the bill could ease a number of heightened regulatory standards enacted through the 2010 Dodd-Frank…

Slideshow of Key Financial Services Positions Still Open in Trump Administration


American Banker has put together a slideshow of the key financial services positions the Trump administration has yet to fill, highlighting the recent departure of Federal Reserve Board Gov. Daniel Tarullo stepped down and the now expired term of Comptroller of the Currency Thomas Curry. Meanwhile, the president “blamed the rampant understaffing across the government’s…

Scottrade Breach Highlights Third-Party Vendor Risk


The recent Scottrade Bank breach highlights third-party vendor risk, American Banker wrote. “In the bigger picture, not only is vetting and monitoring third parties an increasingly important priority for banks but so is encrypting all sensitive information at all times. New York State regulators have emphasized this in their new cybersecurity rules.”