The Trump administration plans to merge the Federal Deposit Insurance Corporation with the OCC under the Treasury Department

Quotes that support claims

Gould’s nomination comes amid Trump administration officials recently examining whether it’s possible to fold the Federal Deposit Insurance Corporation into the Treasury or combine the FDIC’s regulatory role with the OCC, The Wall Street Journal reported on Feb. 11, citing people familiar with the matter.

This comes as he also plans to combine the Federal Deposit Insurance Corporation with the OCC to be under the Treasury Department, according to The Wall Street Journal.

Beyond individual appointments, Trump’s government is planning big changes to how financial oversight works. The Wall Street Journal reported that the government wants to combine the FDIC and the OCC under the Treasury Department.