Agency Merger Concerns and Implications

There are ongoing discussions about the Trump administration's intention to merge financial regulatory agencies, specifically the OCC and FDIC, through administrative means rather than Congressional approval. This plan raises concerns because these agencies were established by Congress and have specific mandates. Reports indicate that the OCC has created email distribution lists for employees of the CFPB and FDIC, suggesting preparations for potential staff transfers. Such administrative consolidations could fundamentally alter the regulatory landscape, with implications for how consumer protection and banking regulation are enforced.