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Point of View
The Politicization of Banking
Well before Trump was elected, a group of conservatives published a plan, called Project 2025, to remake government and society. “The [Consumer Financial Protection Bureau] is a highly politicized, damaging, and utterly unaccountable federal agency,” Project 2025 states. “It is unconstitutional. Congress should abolish the CFPB and reverse Dodd–Frank Section 1061, thus returning the consumer protection function of the CFPB to banking regulators and the Federal Trade Commission.” One of the authors of that document was Trump’s pick to lead the Office of Management and Budget, Russell Vought. He was also given the title interim director of the CFPB, and…
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WRITTEN BY
Naomi Snyder
Editor-in-Chief
Editor-in-Chief Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan.