John Heltman has covered the Federal Reserve and Treasury Department for American Banker since 2014. Prior to joining American Banker, he covered derivatives markets and the Commodity Futures Trading Commission for Argus Media, and prior to that covered the Environmental Protection Agency for Inside Washington Publishers. He is a 2005 graduate of St. Mary's College of Maryland.
The Trump administration’s 2019 budget highlights the administration’s goal of reining in the post-crisis regulatory apparatus, with proposed cuts for several agencies including the Consumer Financial Protection Bureau.
The decision by the appeals court means that a president can only fire the head of the Consumer Financial Protection Bureau for cause. But the ruling also scrapped the CFPB's massive fine against a nonbank mortgage lender.