President Donald Trump's new executive order could have dramatic implications for bank regulation by subjecting agencies to White House political control.

President Donald Trump has signed a sweeping executive order to expand the president's control over independent regulatory agencies.

The Trump administration has taken another step to centralize the executive branch with a new order that “reins in independent agencies.” | The White House's latest executive order would give the president greater control over federal agencies typically shielded by cross-term leadership appointments and dismissal protections.