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The Federal Trade Commission (FTC) has appointed deputies to its competition and consumer protection divisions.

Taylor C. Hoogendoorn has been named deputy director of the commission’s Bureau of Competition, while Katherine White will serve as deputy director of the Bureau of Consumer Protection, the regulator said in a Wednesday (March 26) news release.

In this episode of The Consumer Finance Podcast, Chris Willis is joined by Joe Reilly, a partner in Troutman Pepper Locke’s Consumer Financial Services Practice Group, to discuss the events of the first two months of the new Trump administration. They provide a comprehensive overview of the current status of the Consumer Financial Protection Bureau (CFPB), its litigation matters, and its rulemaking efforts. Chris and Joe discuss the significant changes at the CFPB, including the appointment of new acting directors, the impact of the administration's directives on CFPB employees, and the ensuing legal battles.

On March 7, 2025, the Office of the Comptroller of the Currency (“OCC”) released Interpretive Letter 1183, marking a pivotal change in regulatory guidance for national banks and federal savings associations engaging in cryptocurrency activities. This recent directive, issued under Acting Comptroller Rodney Hood, rescinds the requirements set by Interpretive Letter 1179 from November 2021. The updated guidance reaffirms the permissibility of certain crypto-related activities while eliminating the need for prior supervisory non-objection.

Federal Trade Commission Chairman Andrew N. Ferguson today announced he has appointed Taylor C. Hoogendoorn as Deputy Director of the Bureau of Competition and Katherine White as Deputy Director of the Bureau of Consumer Protection.

For credit unions, the move toward becoming “smarter” digital financial service providers entails embracing several strategic and technological shifts.