TechFlow news, February 12 — According to the Wall Street Journal, citing sources familiar with the matter, officials in the Trump administration are exploring the possibility of restructuring the U.S. banking regulatory system without congressional approval, considering merging the Federal Deposit Insurance Corporation (FDIC) into the Treasury Department and consolidating FDIC's supervisory functions with the Office of the Comptroller of the Currency (OCC), a bureau within the Treasury. The plan aims to reduce the authority of bank regulators and increase the government's direct control over the financial industry.
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