Trump's advisors are exploring the integration or elimination of banking regulatory agencies
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Trump's transition team is exploring the possibility of consolidating or eliminating banking regulatory agencies, including the Federal Deposit Insurance Corporation (FDIC). Advisors discussed options for merging the FDIC, the Office of the Comptroller of the Currency, and the Federal Reserve, and considered incorporating deposit insurance into the Treasury Department. Although Trump opposed the 2025 plan, he nominated individuals associated with the plan. The CEO of JPMorgan Chase stated that the banking industry is expected to see a reduction in regulation under Trump's leadership
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