Richard Cordray resigned as CFPB Director Friday, Nov. 24 and designated his Chief of Staff, Leandra English, as his temporary replacement, sparking a legal showdown with the White House over who will run the agency.
On Nov. 20, 2017, Dr. Janet L. Yellen submitted her letter of resignation from her position as a Member of the Federal Reserve System’s Board of Governors, to be effective upon the swearing in of Jerome H. Powell as her successor for Chair.
On Nov. 17, 2017, the U.S. Department of the Treasury released a report and fact sheet outlining proposed changes that would overhaul the way in which the Financial Stability Oversight Council (FSOC) addresses systemic risks, recommending a heavier focus on industry activities instead of individual firms.
On Nov. 8, 2017, Acting Comptroller of the Currency, Keith A. Noreika, delivered an industry conference speech in which he explored the topic of how the separation of banking and commerce evolved in the United States and called for a broader discussion of whether the separation continues to serve the best interest of the nation’s banking system and economy today.
On Oct. 31, 2017, Rep. Jeb Hensarling announced he will not seek re-election, marking the end of a political career defined by the Texas Republican's long-running struggle to pare back government intervention in the economy.