"Today, President Donald J. Trump signed an Executive Order ensuring that all federal agencies are accountable to the American people, as required by the Constitution. Under this Executive Order:

• The Order notes that Article II of the U.S. Constitution vests all executive power in the President, meaning that all executive branch officials and employees are subject to his supervision.
• Therefore, because all executive power is vested in the President, all agencies must: (1) submit draft regulations for White House review—with no carve-out for so-called independent agencies, except for the monetary policy functions of the Federal Reserve; and (2) consult with the White House on their priorities and strategic plans, and the White House will set their performance standards..."

Continued: Trump Takes Control of 'Independent Agencies'
Consumer Finance Monitor | February 26th, 2025
"While Trump specifically mentioned the FTC, FCC and SEC, the definition of 'agency' used in the order also includes such financial regulators as the FDIC, OCC, CFPB and NCUA."