Trump bank regulatory pick liked by banks

Banks are pleased with President Trump’s selection of House Republican staffer James Clinger to oversee banks, seeing him as a “pro’s pro” and experienced policy hand. The pick could also excite conservatives seeking to limit the government’s ability to rescue banks.

Clinger, previously counsel for the Republican-led House Financial Services Committee, was officially nominated Monday night to chair the Federal Deposit Insurance Corporation, the agency charged with administering the system of insurance for bank deposits and overseeing banks.