Strike-Force Attack
As noted last week, the White House has announced a new “strike force” aimed at the price-gouging and “junk” fees it sees far and wide across the U.S. economy, including when it comes to financial services. Expect to hear more of this not only on the campaign trail (where Donald Trump may side more or less with the White House) as well as in the near term from the CFTB, DOJ, FTC, and even the OCC and FDIC despite their status as independent agencies.