Consumer Protection
The new alliance between financial executives and Donald Trump.
And irony is dead.
The president's agenda is full-throttle deregulation.
WHAT'S HAPPENING
A “coup for Citi and catastrophe for consumers,” a transparency advocate said.
“When you signal to the industry, ‘Totally go to town, do whatever you want, you’re safe with us,’ they will."
So much for economic populism.
As part of the agreement, Deutsche Bank would pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer relief.