Here’s how Trump’s political appointees overruled tougher settlements with big banks

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Since Donald Trump’s election, federal white-collar enforcement has taken a big hit. Fines and settlements against corporations have plummeted. Prosecutions of individuals are falling to record lows.

But just how these fines and settlements came to be slashed is less well understood. Two settlements with giant banks over financial crisis-era misdeeds provide a window into how the Trump administration has eased up on corporate wrongdoers.

View the complete August 2 article by Jesse Eisinger and Kevin Wack from ProPublica and American Banker on the AlterNet website here.