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The Independent UK
The Independent UK
Alex Lang

Trump’s team has reportedly asked about closing a bank regulator - and it could put savings at risk

Donald Trump’s transition team has reportedly looked at ways to shrink or eliminate banking oversight - a move that could have dramatic impacts on everyday Americans and protecting their money.

In interviews with candidates to oversee the banking sector, Trump advisers and DOGE - the advisory Department of Government Efficiency - officials have asked if the president-elect can abolish the Federal Deposit Insurance Corp., according to the Wall Street Journal.

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